Import barriers on musical instruments have been removed. Overseas instrument makers can now sell more easily in the domestic market.

What are domestic instrument makers most likely to need to do to keep their customers?

Produce fewer instruments so that the cost of making each one falls

Raise their prices because buyers now have more instruments to choose from

Improve the quality of the instruments they make and sell

Spend less on quality because domestic buyers rarely switch to imports

Import barriers on musical instruments have been removed. Overseas instrument makers can now sell more easily in the domestic market.

What are domestic instrument makers most likely to need to do to keep their customers?

Produce fewer instruments so that the cost of making each one falls

Raise their prices because buyers now have more instruments to choose from

Improve the quality of the instruments they make and sell

Spend less on quality because domestic buyers rarely switch to imports

4 International trade and the global economy

4 International trade and the global economy Questions