Multiple Choice
Exhibit 19-2
-Refer to the graph in the exhibit.Suppose the world price of corn is $6, and no trade restrictions are in place.What would happen in Canada's corn market?
A) Canada will have an excess demand for corn.
B) Canada will be a net importer of corn.
C) Canada will NOT produce any corn.
D) Canada will consume only a portion of what is produced.
Correct Answer:
Verified
Related Questions
