If Australia Imposed a Quota on the Amount of Salmon

question 47

Multiple Choice

If Australia imposed a quota on the amount of salmon imported from New Zealand, the result would be ________ salmon prices in Australia and ________ in the quantity of salmon demanded in Australia.

• A) higher; an increase
• B) lower; an increase
• C) higher; a decrease
• D) lower; a decrease
• E) higher; no change

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Definitions:

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