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If an Import Quota Is Imposed on Imports of Shrimp

Question 262

Multiple Choice

If an import quota is imposed on imports of shrimp into the United States,U.S.consumer surplus from shrimp will ________ and U.S.total surplus from shrimp will ________.


A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
E) increase; not change

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