Market effects of imports ban Consider teh market for shoes in a nation that ini

Question

Market effects of imports ban Consider teh market for shoes in a nation that initiallyimports half the shoes it consumes. Use a demand an supply graph topredict the market effects of the ban on shoes imports. arrow up ordown. the equilbrium price will___________ and the equilbriumquantity will_____________________ Market effects of imports ban Consider teh market for shoes in a nation that initiallyimports half the shoes it consumes. Use a demand an supply graph topredict the market effects of the ban on shoes imports. arrow up ordown. the equilbrium price will___________ and the equilbriumquantity will_____________________

Explanation / Answer

If there is a ban on shoes demand and supply will descrease because of the demand. The graph should shift left and down from equilibrium.

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