Suppose an Import Quota of 13,000 Is Imposed in the Domestic

question 102

Multiple Choice

Suppose an import quota of 13,000 is imposed in the domestic market.What will be the new market price of sugar?

• A)$15.
• B)$20.
• C)$30.
• D)$45.

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Definitions:

Acquisition

The process of learning or developing a skill, habit, or quality.

Norms

Shared expectations or rules within a social group that guide behavior and indicate what is considered appropriate or acceptable.

Society

A community of people living together in a more or less organized way, establishing norms and institutions that define the collective social behavior.

Executive Control Centre

A component of the brain responsible for regulating attention, problem-solving, and adaptable behavior in complex situations.