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Suppose a quota on foreign-made cars is proposed in parliament. Which of the following groups is most likely to oppose the legislation?
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating that demand decreases as price increases.
Plaster
A building material made of lime or gypsum, water, and sand, used for coating walls and ceilings.
Labor
The deployment of human manpower, both in physical form and intellectual capacity, for generating goods and services.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, clearing the market.
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