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Once again, assume that the quota is set at a level lower than the current level of imports. As a result of the quota, what

Once again, assume that the quota is set at a level lower than the current level of imports. As a result of the quota, what will happen to the equilibrium price received by the producer in the imported Canadian softwood lumber market?

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a

The price will rise

b

The price will fall

Your answer

c

The price will not change

d

The price effect cannot be determined from this information.

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