Use the Information Below to Answer the Following Questions

question 104

Multiple Choice

Use the information below to answer the following questions.
Fact 7.3.2
With free trade between Australia and Canada,Australia would export beef to Canada.But Canada imposes an import quota on Australian beef.
-Refer to Fact 7.3.2.If Canada imposes an import quota on Australian beef,the price that Canadian consumers pay for beef will ________ and the quantity of beef produced in Canada will ________.

• A)not change;decrease
• B)not change;increase
• C)rise;not change
• D)rise;increase
• E)fall;decrease

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Definitions:

Motorcycle Seats

Components of a motorcycle designed to provide a rider and possibly a passenger with a comfortable place to sit while riding.

Supply Partnership

A collaborative agreement between a supplier and a buyer to ensure products or services are available at the right time, quality, and price.

Mutually Beneficial Objectives

Goals or intentions that provide advantages or positive outcomes for all parties involved in a particular situation or agreement.

Policies

Formal guidelines or rules set by an organization to regulate and guide decisions and actions in various scenarios.