Trade restrictions for endangered species can be implemented through restrictions on imports or exports. Each will reduce the quantity traded, but restrictions on ______ reduce supply and ________ price, while restrictions on ____________ reduce demand and ________ price.
A) imports, increase; exports, decrease
B) exports, increase; imports, decrease
C) imports, decrease; exports increase
D) exports, decrease; imports, increase

Question

Quizplus · Accepted Answer

Restrictions on exports reduce the supply of the endangered species in the global market, leading to an increase in price. Conversely, restrictions on imports reduce the demand for these species, leading to a decrease in price.

Trade Restrictions for Endangered Species Can Be Implemented Through Restrictions