A U.S.imposed quota an agricultural products would shift
A)both the demand and supply curves in the market for foreign-currency exchange right.
B)both the demand and supply curves in the market for foreign-currency exchange right
C)only the demand curve right.
D)only the supply curve right.

Question

Quizplus · Accepted Answer

A U.S.-imposed quota on agricultural products would increase the demand for foreign currency as importers need more foreign currency to pay for the limited supply of foreign goods, shifting only the demand curve to the right.

A U.S.imposed Quota an Agricultural Products Would Shift