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-Refer to Exhibit 34-12

Question 139

Multiple Choice

-Refer to Exhibit 34-12.P<sub>W</sub> is the price that exists in a free world market.If the U.S.imposes a quota to reduce imports to Q<sub>4</sub> - Q<sub>3</sub>,price will rise to A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) P<sub>4</sub>. E) There is not enough information to answer the question.
-Refer to Exhibit 34-12.PW is the price that exists in a free world market.If the U.S.imposes a quota to reduce imports to Q4 - Q3,price will rise to


A) P1.
B) P2.
C) P3.
D) P4.
E) There is not enough information to answer the question.

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