Imposing a Restrictive Quota on Imported Plasma TVs Will Likely

question 122

Multiple Choice

Imposing a restrictive quota on imported plasma TVs will likely

• 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

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Toshiba

A multinational conglomerate based in Japan, known for its diverse products and services, including electronics and energy systems.