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dont answer by pen paper m Quantity Refer to the diagram, where 5d and Dd are the domestic supply and demand for a product and

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dont answer by pen paper m

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Quantity Refer to the diagram, where 5d and Dd are the domestic supply and demand for a product and Pcis the world price ofthat product. 501+ O is the product supply curve after an import quota is imposed. The effect of the import quota on domestic price and domestic consumption is Multiple Choice 0 the same as that ofa tariff of PCP? O the same as that ofa tariff of P33r O the same as that ofa tariff of Pepe- O to raise price by more and reduce consumption less than a tariff of PcPt

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