Business, 10.10.2019 21:30 cvhufjbvbcxx9845
If a quota is set above the equilibrium quantity, there will be:
a. a supply price for the quantity transacted that will exceed the demand price of the quantity transacted.
b. missed opportunities in the form of mutually beneficial transactions that don't occur.
c. no effect from the quota.
d. a lower price than the market equilibrium price. e incentives for illegal activities.
Answers: 2
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If a quota is set above the equilibrium quantity, there will be:
a. a supply price for the q...
a. a supply price for the q...
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