What should happen to the equilibrium price and quantity in a market as a result of a quota on imports?
A) Equilibrium price and quantity should both go up.
B) Equilibrium price should go up,and equilibrium quantity should go down.
C) Equilibrium price should go down,and equilibrium quantity should go up.
Correct Answer:
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Q100: Increased trade restrictions
A)Increase a trade deficit in
Q101: Q102: If exports are being excluded unfairly from Q103: When quotas are eliminated,losers include Q104: The purpose of the World Trade Organization Q106: Overall NAFTA has resulted in Q108: When tariffs are imposed,the losers include Q109: What should happen to the equilibrium price Q110: A quota is Q115: A principal objective of the World Trade
A)There are no
A)Massive unemployment and
A)Domestic consumers
A)A limit on the quantity
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