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Economics (AS & A Level) · May / June 2021 · Paper 11 · Question 26

9708Protectionism

A small country imports tractors. The government of this country decides to impose a quota on imported tractors. What is likely to be the effect on the price of imported tractors and domestic output of tractors?

  1. Afall; fall
  2. Bincrease; no change
  3. Cno change; fall
  4. Dno change; increase

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Correct answer: D. no change; increase

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