Suppose that Canada sets an import quota on Japanese laptops. Compared with the equilibrium world price that would exist with no import quotas, we would expect the equilibrium price of laptops in Canada to Japan to and the equilibrium price of laptops in Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a fall; not change b not change; rise rise; rise d rise; fall

Price (dollars per pound) 6. 1o Quantity (millions of pounds per day) 14 The graph illustrates the market for British pounds, the currency of the United Kingdom. As the number of buyers of pounds decreases and the number of sellers of pounds increases, the equilibrium price of a pound A) will remain the same. B) will fall. C) will rie. D) might rise, fall, or remain the same but more information is needed. will rise if the magnitude of the effect on the buyers is larger than the E) magnitude of the effect on the sellers.

K Suppose the government adopts a policy that forces pesticide producers to bear the social costs of groundwater contamination associated with the use of their product. This policy will the price of pesticides. Since orange growers regard the pesticide as a key input in the production of oranges, the market for oranges will obviously be affected. Using the line drawing tool, show how the policy on pesticides impacts the market for oranges. Properly label the line. Carefully follow the instructions above, and only draw the required objects. The government policy on pesticides causes the market price of oranges to The government policy on pesticides causes the equilibrium quantity of oranges to

Question The graph below shows domestic supply and demand for coffee in the U.S. Suppose that at any price, foreign suppliers of coffee will supply 50, 000 pounds. The "Domestic Supply + Imports" curve is misplaced. Re-position the curve to reflect the provided information. (Note that quantity is expressed in thousands of pounds on the graph.) Provide your answer below: 150 -100- -50 0 P Demand Domestic Supply (40,$50) Domestic Supply+imports (75,$50) 100 Q 150

The annual demand for imported oranges is given by the following equation:QD = 600,000 − 30,000Pwhere P is the price per kilogram and QD is quantity of kilograms demanded per year.The supply of imported oranges is given by the equation:QS = 20,000P Calculate the following: ii. the amount of revenues collected