With free trade between australia and canada australia, Microeconomics

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With free trade between australia and canada australia

Question: With free trade between Australia and Canada, Australia would export beef to Canada. But Canada imposes an import quota on Australian beef.

Explain how this quota influences the price that Canadians pay for beef, the quantity of beef produced in Canada, and the Canadian and the Australian gains from trade.

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Microeconomics: With free trade between australia and canada australia

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