A country currently imports 10 million units of a good at a price of $10 for each unit. If the government imposes an import quota of 8 million units, which of the following is likely to result?(1 point) Responses The quantity imported will decrease, and the per-unit price will increase. The quantity imported will decrease, and the per-unit price will increase. The quantity imported will decrease, and the per-unit price will decrease. The quantity imported will decrease, and the per-unit price will decrease. The quantity imported will increase, and the per-unit price will increase. The quantity imported will increase, and the per-unit price will increase. The quantity imported will increase, and the per-unit price will decrease.
1 answer
The quantity imported will decrease, and the per-unit price will increase.