Assume That Japan Places a Strict Quota on Goods Imported

Assume that Japan places a strict quota on goods imported from the United States and the United States places a strict quota on goods imported from Japan. This event should immediately cause the U.S. demand for Japanese yen to ____, and the supply of Japanese yen to be exchanged for U.S. dollars to ____.​

A) ​increase; increase
B) ​increase; decline
C) ​decline; decline
D) ​decline; increase

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