Question

ll else equal, if countries decide to enact protectionist measures against Chinese steel imports, the price of steel in those countries will ________ and the quantity of steel demanded in those countries will ________.

Answer 1

Answer: the correct answer is increase, decrease.

Explanation:

ll else equal, if countries decide to enact protectionist measures against Chinese steel imports, the price of steel in those countries will increase and the quantity of steel demanded in those countries will decrease.