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Currently, China Buys More Than 40% of the Canadian Canola

Question 183

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Currently, China buys more than 40% of the Canadian canola crop. In the summer of 2016 the Chinese government was planning to implement policies that would severely limit the ability of Canadian farmers to sell canola to China.If China were to stop buying Canadian canola what would happen in the market for Canadian canola?

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The demand curve for Canadian ...

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