Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?
A) The price of steel in the United States would increase.
B) The quantity of steel produced in the United States would increase or stay the same.
C) The demand for steel in the United States will increase.
D) The quantity demanded for steel in the United States will decrease.
C
Economics
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Paint and paintbrushes are complements. If the price of paint increases, then
A) the demand for paintbrushes will increase. B) the demand for paintbrushes will decrease. C) the demand for paint will increase. D) the demand for paint will decrease.
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