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Basic Question 17 of 17
An import ban on tomatoes will ______
B. increase the domestic production of tomatoes, increase the domestic price of tomatoes, and decrease the equilibrium quantity of tomatoes.
C. increase the domestic production of tomatoes, decrease the domestic price of tomatoes, and decrease the equilibrium quantity of tomatoes.
A. decrease the domestic production of tomatoes, increase the domestic price of tomatoes, and decrease the equilibrium quantity of tomatoes.
B. increase the domestic production of tomatoes, increase the domestic price of tomatoes, and decrease the equilibrium quantity of tomatoes.
C. increase the domestic production of tomatoes, decrease the domestic price of tomatoes, and decrease the equilibrium quantity of tomatoes.
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Learning Outcome Statements
compare types of trade restrictions, such as tariffs, quotas, and export subsidies, and their economic implications
CFA® 2024 Level I Curriculum, Volume 1, Module 6.