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If Canadian Government Were to Impose a Quota on Wristwatches

Question 101

Multiple Choice

If Canadian government were to impose a quota on wristwatches imported from Switzerland, the:


A) Canada would reduce its export of watches.
B) prices of watches in Switzerland would rise.
C) price of watches in Canada would remain the same, but the quantity will fall.
D) total quantity of watches (domestically produced and imported) purchased would decline.

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