Answered: Why imposing import quota on necessity…

Why imposing import quota on necessity products (like onion) may create grievance among the consumers? Explain using a suitable diagram. How may government reduce the consumers’ grievance?

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: International Trade

Section: Chapter Questions

Problem 2.5P

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Why imposing import quota on necessity products (like onion) may create grievance
among the consumers? Explain using a suitable diagram. How may government reduce
the consumers’ grievance?

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