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Suppose the Canadian Government Imposed Import Quotas on Agricultural Products

Question 131

Multiple Choice

Suppose the Canadian government imposed import quotas on agricultural products. According to the foreign-currency exchange market diagram, which outcome would most likely result?


A) Both the demand and supply curves would shift right.
B) Both the demand and supply curves would shift left.
C) Only the demand curve would shift right.
D) Only the supply curve would shift right.

Correct Answer:

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