44. When we studied the theory underlying Canadian supply management in class, we saw that if the market price increases in an open market without supply management, then the quantity that will be supplied will _____________. a) increase b) decrease 45. Using dairy as an example, market supply or production is limited as a result of implementing a quota under supply management which results in a decrease in _____________. a) producer surplus b) consumer surplus 46. Under a supply management system, Canadian dairy producers will produce less milk than without a supply management system. a) True b) False 47. Under a supply management system, consumers will consume more milk than without a supply management system. a) True b) False 48. Societal resources are allocated less efficiently under a supply management system than without a supply management system. a) True b) False