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Assume that the US. places a strict ooota on goods imported from Chile and that Chile does not retaliate. Holding other factors constant1 this event

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Assume that the US. places a strict ooota on goods imported from Chile and that Chile does not retaliate. Holding other factors constant1 this event 1will have what effect on LLB. demand for Chilean pesos? 1|.i'il'hat effect on the value of the peso? Will it increase] decrease or remain the same? Please provide an explanation for your answers

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