The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s).

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s).

Quizplus · Accepted Answer

When restrictions alter the pattern of international trade by limiting imports, domestic producers benefit as they face less competition and are able to sell their products at a higher price. On the other hand, domestic consumers suffer as they have to pay a higher price for the same product. Therefore, the correct choice is C - domestic producers benefit and domestic consumers suffer.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity