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Import Bans, Import Quotas, Voluntary Export Restraints, and Tariffs on Goods

Question 72

Multiple Choice

Import bans, import quotas, voluntary export restraints, and tariffs on goods all:


A) decrease equilibrium quantity and prices.
B) increase equilibrium quantities, but decrease prices.
C) decrease equilibrium quantities, but increase prices.
D) increase equilibrium quantity and prices.

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