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Relative to a No-International-Trade Initial Situation,if Canada Exported Wine,what Would

Question 75

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Relative to a no-international-trade initial situation,if Canada exported wine,what would happen to the Canadian domestic price and output of wine?


A) Domestic price would rise and domestic output would rise.
B) Domestic price would rise but domestic output would fall.
C) Domestic price would fall and domestic output would fall.
D) Domestic price would fall but domestic output would rise.

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