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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d5c641d-46b8-40f1-b7a0-4fe94f206e12%2Feb1fc6db-b342-4c27-8448-090dd85fd065%2Fjsf7q3_processed.jpeg&w=3840&q=75)
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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