What would happen if the European Union put a quota on American jeans and only allowed 4,000, pairs of jeans to be imported?

A) Nothing, because European countries dislike American products.

B) American jeans would become very expensive and desirable in the EU.

C) American jeans would be less desirable in the EU and there would be no demand.

D) French jeans would be more popular than any jeans and America would stop importing jeans to Europe.

Question

Social Studies

Jamar Phillips

30 April, 17:46

What would happen if the European Union put a quota on American jeans and only allowed 4,000, pairs of jeans to be imported?

A) Nothing, because European countries dislike American products.

B) American jeans would become very expensive and desirable in the EU.

C) American jeans would be less desirable in the EU and there would be no demand.

D) French jeans would be more popular than any jeans and America would stop importing jeans to Europe.

+1

Answers (1)

Know the Answer?

Devon · Answer 1

B) American jeans would become very expensive and desirable in the EU.

Explanation:

This outcome would result from the supply-demand law. Original American jeans are a higly desirable item in Europe and elsewhere, there is demand. You then limit supply by imposing a quota while demand remains stable; because of these restrictions, jeans will simply become more expensive in the European Union's markets.