The Figure Below Shows the Demand (D) and Supply (S)

question 84

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of corn syrups.Figure 21.3

-The effect of an import quota on the domestic market is to shift the:

• A)demand curve to the right by the amount of the quota.
• B)demand curve to the left by the amount of the quota.
• C)supply curve to the right by the amount of the quota.
• D)supply curve to the left by the amount of the quota.
• E)consumers' marginal utility curves if they prefer foreign goods to domestic goods.

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Definitions:

Design

The plan or specification for the construction of an object or system or for the implementation of an activity or process.

Feedback

Information given to a person or entity about their actions or performance, used as a basis for improvement.

Accounting Systems

Organized frameworks used for recording, measuring, summarizing, and communicating financial information of a business entity.

Collecting

The process of obtaining payments for debts owed by individuals or businesses.