During the first 6 months of 2008, the United States imported more than 1.6 billion pounds of coffee. Suppose the United States is considering placing trade restrictions on the importation of coffee
What would be a potential consequence of such a trade restriction? A) The U.S. price of coffee would increase.
B) U.S. consumers would drink more coffee.
C) The quantity of coffee imported into the United States would increase.
D) U.S. consumer surplus from coffee would increase.
A
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