An import quota will make the supply curve for the imported good
A) perfectly inelastic.
B) perfectly elastic.
C) unitary elastic.
D) negatively sloped.

Name: An import quota will make the supply curve for the imported good A) perfectly inelastic. B) perfectly elastic. C) unitary elastic. D) negatively sloped.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

An import quota limits the quantity of a good that can be imported, making the supply curve perfectly inelastic at the quota limit.

An Import Quota Will Make the Supply Curve for the Imported