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28 Sep 2019
Which of the following situations will arise in the domestic market following the removal of an import quota?
a. imports increase, domestic production increases, prices increase
b. imports increase, domestic production decreases, prices decrease
c. imports decrease, domestic production increases, prices decrease
d. imports decrease, domestic production decreases, prices increase
Which of the following situations will arise in the domestic market following the removal of an import quota?
a. imports increase, domestic production increases, prices increase
b. imports increase, domestic production decreases, prices decrease
c. imports decrease, domestic production increases, prices decrease
d. imports decrease, domestic production decreases, prices increase
Anne Gillian DueroLv10
28 Sep 2019
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