(Solved): What should happen to the equilibrium price and quantity in a market as a result of a quota on impor ...

What should happen to the equilibrium price and quantity in a market as a result of a quota on imports? Multiple Choice Equilibrium price and quantity should both go up. Equilibrium price should go down, and equilibrium quantity should go up. Equilibrium price should go up, and equilibrium quantity should go down. Equilibrium price and quantity should both go down.