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Import Quotas and VERs
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Problem 10
Import Quotas and VERs
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9. International Trade / Import Quotas and VERs / Problem 9
Problem 9
What graphical representation shows the effect of an import quota on the market?
A
A shift in the demand curve to the right.
B
A shift in the supply curve to the right.
C
A vertical line indicating the quota limit, affecting equilibrium.
D
A horizontal line indicating a price ceiling.
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