If an import quota of 5 million containers is imposed on roses, what happens to the price

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If an import quota of 5 million containers is imposed on roses, what happens to the price of roses in North America, the quantity of roses bought, the quantity produced locally, and the quantity imported?

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:13 AM

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If an import quota of 5 million containers is imposed on roses, what happens to the price

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The North American price of roses rises to 150 ...View the full answer

Macroeconomics Canada in the Global Environment

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