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Economics

Study Notes

Import Quotas

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

An import quota is a limit on the total quantity of a product can be supplied to a market.

  • An import quota therefore restricts the supply of an imported product
  • By cutting market supply, the price of the imported product is likely to rise
  • Black markets may develop

Summary of the key effects of an import quota

Summary of the key effects of an import quota

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