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victor.m.rojas2 victor.m.rojas2
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4 years ago
Suppose that televisions are produced both domestically and abroad. What would a ban on imported televisions do to the price of televisions, the quantity of televisions, and the output of the domestic television industry?
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
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#1
4 years ago
A ban on imported televisions would lead to a leftward shift in the total supply, so price increases and quantity decreases. However, since supply is upward sloping, it is evident that domestic production will increase in the case of an import ban.
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