Examlex
The cross-price elasticity sign for substitute goods is negative.
Import Quota
A government-imposed limit on the quantity or value of goods that can be imported into a country.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product demanded, leading to market stability.
Wool Suits
Garments made from wool fabric, typically worn for formal occasions or professional settings, prized for their durability and comfort.
Import Quota
A government-imposed limit on the quantity of a specific good that can be imported into a country, aimed at protecting domestic industries.
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