In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?
AConsumer surplus would decrease for the soviets
BGrains prices would rise in the united States
CExport revenues would decrease for U.S producers
DGrain prices would rise in the Soviet union
Correct answer
B. Grains prices would rise in the united States
Explanation
The correct answer is Grains prices would rise in the united States.