Imposing a Restrictive Quota on Imported Plasma TVs Will

question 85

Multiple Choice

Imposing a restrictive quota on imported plasma TVs will:

• A) increase the price of the plasma TVs and decrease the quantity consumed.
• B) increase both the price of the plasma TVs and the quantity consumed.
• C) leave the price of the plasma TVs unchanged but decrease the quantity consumed.
• D) leave the price and the quantity consumed of plasma TVs unchanged, because domestic producers will expand production to make up for the reduction in imports

---

Definitions:

Crutch Palsy

A condition that involves nerve damage or paralysis resulting from the improper or prolonged use of crutches.

Axillary Crutches

Mobility aids used to transfer weight from the legs to the upper body, typically positioned under the armpits.

Supplies Account

An account used to track the cost of consumable items and minor equipment used within a business operation.

Adjustment

An alteration made to financial records or statements to correct errors or account for changes.