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Study Notes

Import Quotas

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

Last updated 2 Nov 2017

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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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