The imposition of a quota ________ domestic production, ________ imports, and ________ domestic purchases
A) decreases; increases; decreases
B) increases; decreases; increases
C) increases; decreases; decreases
D) decreases; decreases; decreases
E) increases; increases; increases
C
Economics
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Define expected value
What will be an ideal response?
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When an imported good has restrictions are placed on it that limits the amount that can be imported and as a result the price of the good increases, the demand curve for that good will
A) shift rightward. B) shift leftward. C) become steeper. D) be unaffected.
Economics