-Refer to Figure 32-6. If the interest rate were initially at r2 and an import quota were imposed, the interest rate would
A)stay at r2.
B)decrease because supply would shift right.
C)increase because supply would shift left.
D)decrease because demand would shift left.

Question

-Refer to Figure 32-6. If the interest rate were initially at r2 and an import quota were imposed, the interest rate would
A)stay at r2. 
B)decrease because supply would shift right. 
C)increase because supply would shift left. 
D)decrease because demand would shift left.

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 32-6. If the interest rate were initially at r2 and an import quota were imposed, the interest rate would
A)stay at r2. 
B)decrease because supply would shift right. 
C)increase because supply would shift left. 
D)decrease because demand would shift left.