If a Quota on Lumber Were Implemented, Then at the Original

Multiple Choice

If a quota on lumber were implemented, then at the original exchange rate there would be a

A) surplus in the market for foreign-currency exchange, so the real exchange rate appreciates.
B) surplus in the market for foreign-currency exchange, so the real exchange rate depreciates.
C) shortage in the market for foreign-currency exchange, so the real exchange rate appreciates.
D) shortage in the market for foreign-currency exchange, so the real exchange rate depreciates.