Suppose the U

question 197

Essay

Suppose the U.S.government imposes a binding quota on the number of Japanese-made cars allowed into the United States.We would expect the price of Japanese cars to ________
and the price of U.S.-made cars to _.
A.increase; increase
B.increase; decrease
C.decrease; increase
D.decrease; decrease

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Definitions:

Predictor

A variable that can be used to forecast or anticipate the outcome or occurrence of another variable or event.

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