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Molodets [167]
3 years ago
7

The current equilibrium price for a bushel of corn is $50.00. What happens to the equilibrium price if the import restrictions o

n corn are lifted?
Social Studies
1 answer:
Marizza181 [45]3 years ago
5 0
If the import restriction on corn are lifted, the equilibrium price would be most likely to fall.

Import restriction make the amount of products became limited, which increases the price.If this restriction are lifted, the equilibrium price would fall

hope this helps 
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