Relative to a No-International-Trade Initial Situation,if Canada Imported Wine,what Would

question 84

Multiple Choice

Relative to a no-international-trade initial situation,if Canada imported wine,what would happen to the Canadian domestic price and output of wine?

• A)The price would fall but domestic output would rise.
• B)The price would fall and domestic output would fall.
• C)The price would rise and domestic output would rise.
• D)The price would rise but domestic output would fall.

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