Study Notes

Import Quotas

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

Last updated 2 Nov 2017

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

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.