If the United States puts an import quota on roses of 5 million containers, what happens to

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If the United States puts an import quota on roses of 5 million containers, what happens to the U.S. price of roses, the quantity of roses bought, the quantity produced in the United States, and the quantity imported?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:05 AM

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If the United States puts an import quota on roses of 5 million containers, what happens to

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The US price of roses rises to 150 per container 9 ...View the full answer

Microeconomics

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