A government abolishes its quota on imported laptops. Assuming a normal demand curve and an upward-sloping supply curve for laptops, what effects are likely for domestic laptop manufacturers?
- Achange in price received by domestic manufacturers: decrease; change in income received by domestic manufacturers: decrease
- Bchange in price received: increase; change in income: increase
- Cchange in price received: decrease; change in income received: uncertain
- Dchange in price received: increase; change in income received: uncertain