What Should Happen to the Equilibrium Price and Quantity in a Market

question 132

Multiple Choice

What should happen to the equilibrium price and quantity in a market as a result of a quota on imports?

• A)Equilibrium price and quantity should both go up.
• B)Equilibrium price should go up,and equilibrium quantity should go down.
• C)Equilibrium price should go down,and equilibrium quantity should go up.
• D)Equilibrium price and quantity should both go down.

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Definitions:

Sarcoidosis

An inflammatory disease characterized by the formation of granulomas, small clumps of immune cells, in various organs in the body.

Lungs

Paired respiratory organs in the chest, responsible for gas exchange between the air and the blood, primarily oxygen intake and carbon dioxide expulsion.

SCID

Severe Combined Immunodeficiency, a rare genetic disorder characterized by the disturbed development of functional T cells and B cells caused by numerous genetic mutations, leading to severe immune system impairment.

B-Cells

A type of white blood cell that plays a vital role in the immune response by producing antibodies against pathogens.