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Business, 30.03.2020 18:52 cocobelle

Assume that the United States imposes an import quota on Italian shoes. Relative to the equilibrium world price that would exist in the absence of import quotas, the equilibrium price of shoes in the United States will most likely , and the equilibrium price of shoes in Italy will most likely .

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Assume that the United States imposes an import quota on Italian shoes. Relative to the equilibrium...
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