Which of the following will likely occur if Israel imposes a quota on automobiles imported from the United States?(1 point)

Israeli consumers will purchase fewer automobiles, and Israeli producers will manufacture more automobiles.

Israeli consumers will purchase fewer automobiles, and Israeli producers will manufacture fewer automobiles.

Israeli consumers will purchase more automobiles, and Israeli producers will manufacture fewer automobiles.

Israeli consumers will purchase more automobiles, and Israeli producers will manufacture more automobiles.

Israeli consumers will buy fewer cars and Israeli manufacturers will have to produce more cars. Hence, Option A is the correct statement.

What do you mean by Quota?

A government-imposed alternate restriction that limits the range of economic fees of products that a country can import or export in the course of a selected period is referred to as Quota.

Hence, Israeli consumers will buy fewer automobiles and Israeli producers will have to manufacture more automobiles. Option A is the correct statement.

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