Asked by
Nitesh Patel
on Dec 12, 2024
Verified
Imposing a restrictive quota on the import of dishwashers will likely
A) increase the price of the dishwashers but decrease the quantity consumed.
B) increase both the price of the dishwashers and the quantity consumed.
C) leave the price of the dishwashers unchanged but decrease the quantity consumed.
D) leave the price of the dishwashers unchanged and also leave the quantity consumed unchanged.
Dishwashers
Machines for cleaning dishes and utensils automatically.
Consumed
The act of using up a resource or goods, rendering them unable to be used again or necessitating their replacement.
- Comprehend the effects of tariffs and quotas on national economic environments and international commerce dynamics.
- Learn about the linkage between trade measures and consumer price levels.
Verified Answer
RM
Learning Objectives
- Comprehend the effects of tariffs and quotas on national economic environments and international commerce dynamics.
- Learn about the linkage between trade measures and consumer price levels.