If the government of Mexico introduces an import quota of 4 million cars a year, what will
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Figure 18.12 shows the car market in Mexico when Mexico places no restriction on the quantity of cars imported. The world price of a car is $10,000.
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FIGURE 18.12 Chapter Checkpoint Assignable Problems 7 to 9 Price (thousands of dollars per car) 18 16 14 12 10 10 12 8. 14 4. Quantity (millions of cars per year)
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