Question: 1 0 : 2 7 App Store 5 GW 3 9 ( EOC 1 4 . 2 7 Unanswered Once again, assume that the quota

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Once again, assume that the quota is set at a level lower than the current level of imports. As a result of the quota, what will happen to the equilibrium price received by the producer in the imported Canadian softwood lumber market?

A The price will rise

B The price will fall

C The price will not change

D The price effect cannot be determined from this information.

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1 0 : 2 7 App Store 5 GW 3 9 ( EOC 1 4 . 2 7

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