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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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