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Author Question: The diagram below shows the demand and supply curves for refrigerators in Canada.FIGURE 20-1Refer to ... (Read 151 times)

Emmejo01

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on: Oct 12, 2022

The diagram below shows the demand and supply curves for refrigerators in Canada.



FIGURE 20-1

Refer to Figure 20-1. Assume the world price is P0. The Canadian government now imposes an import quota of the amount Q2Q4. The result would be that the price in Canada would


◦ rise to P2 and consumption would decrease to Q4.
◦ rise to P1 and consumption would decrease to Q4.
◦ stay at P0 and consumption would rise to Q3.
◦ rise to P2 and consumption would decrease to Q5.
◦ stay at P0 and consumption would stay at Q5.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Emmejo01 on Oct 12, 2022

nikspatel037

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Emmejo01

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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