A country puts in a quota limitation on the importation of cherries into their country. Cherries imported are reduced by 90% because of this quota. This is welcomed by chetry growers in this country. Indicate the consequence for each category/group a-e listed below within the country that imposed the quota on imports. (Indicate the effect with an I for increase, D for decrease, and U for un/ indeterminate from information provided) Price of imported gourmet/special cherries b. Domestic produced cherry prices for consumers C. Input costs for cherry filing and cherry pie producers Orices for consumers that purchase cherry filling and/or cherry pies Profits of cherry farmers

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please only D and E
10:18 9
ul LTE
Heading 1
Heading
A country puts in a quota limitation on the importation of cherries into their country. Cherries imported are
reduced by 90% because of this quota. This is welcomed by chetry growers in this country.
Indicate the consequence for each category/group a-e listed below within the country that imposed the
quota on imports.
(Indicate the effect with an I for increase, D for decrease, and U for un/ indeterminate from
information provided)
a.
Price of imported gourmet/special cherries
b.
Domestic produced cherry prices for consumers
с.
Input costs for cherry filing and cherry pie producers
d.
Orices for consumers that purchase cherry filling and/or cherry pies
Profits of cherry farmers
Transcribed Image Text:10:18 9 ul LTE Heading 1 Heading A country puts in a quota limitation on the importation of cherries into their country. Cherries imported are reduced by 90% because of this quota. This is welcomed by chetry growers in this country. Indicate the consequence for each category/group a-e listed below within the country that imposed the quota on imports. (Indicate the effect with an I for increase, D for decrease, and U for un/ indeterminate from information provided) a. Price of imported gourmet/special cherries b. Domestic produced cherry prices for consumers с. Input costs for cherry filing and cherry pie producers d. Orices for consumers that purchase cherry filling and/or cherry pies Profits of cherry farmers
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