If Japan Imposes a Quota on Imports of Rice, the Effect

Multiple Choice

If Japan imposes a quota on imports of rice, the effect will be

A) less rice and higher price in Japan, lower rice prices in exporting countries.
B) more rice and higher price in Japan, higher rice prices in exporting countries.
C) less rice and lower price in Japan, higher rice prices in exporting countries.
D) more rice and lower price in Japan, lower rice prices in exporting countries.
E) less rice and higher price in Japan, higher rice prices in exporting countries.