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Suppose That the World Price of Eggs Is $1 a Dozen,Canada

Question 3

Multiple Choice

Suppose that the world price of eggs is $1 a dozen,Canada does not trade internationally,and the equilibrium price of eggs in Canada is $3 a dozen.Then Canada begins to trade internationally. Canadian farmers produce ________ eggs.Canada ________ eggs.


A) more;imports
B) more;exports
C) less;exports
D) less;imports
E) the same quantity of;imports

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