If a quota is placed on a good,then imports of the good _________,domestic production of the good _________,and domestic consumption of the good _________.

Question

Quizplus · Accepted Answer

A quota limits the amount of a good that can be imported, leading to decreased imports. This often results in increased domestic production to meet demand, but overall domestic consumption may decrease due to higher prices or limited supply.

If a Quota Is Placed on a Good,then Imports of the Good