Import quotas on products will reduce the quantity of the imported products and:

Name: Import quotas on products will reduce the quantity of the imported products and:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Import quotas limit the amount of imported products, causing a decrease in supply. When the supply decreases, the demand remains the same or increases, resulting in a higher market price for the imported product. Therefore, import quotas will increase the price to consumers.

Import Quotas on Products Will Reduce the Quantity of the Imported