Multiple Choice
Suppose that the world price of eggs is $1 a dozen,Canada does not trade internationally,and the equilibrium price of eggs in Canada is $3 a dozen.Then Canada begins to trade internationally. The price of eggs in Canada ________.Canadian consumers buy ________ eggs.
A) rises;more
B) rises;less
C) falls;more
D) falls;less
E) rises;the same quantity of
Correct Answer:
Verified
Correct Answer:
Verified
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