The Effect of an Import Quota Is to

question 164

Multiple Choice

The effect of an import quota is to

• A) increase the supply of the good and lower its price.
• B) increase the supply of the good and increase its price.
• C) increase the demand for the good and increase its price.
• D) decrease the supply of the good and raise its price.

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Definitions:

Brand Persona

A representation of a brand's identity, character, and values as perceived by its audience.

Audience Specialization

The process of tailoring content, products, or services to meet the specific needs or interests of a particular segment of the market.

Social Objects

Items or concepts in social media that people engage with and talk about, which can form the basis of community building and interaction.

Degree of Openness

Indicates the level to which an individual or organization is receptive to new ideas, experiences, or changes.