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Other Fields Homework Help Economics Topic started by: uni67 on Jul 22, 2019



Title: If the government imposes a quantity restriction on how many shoes can be imported into a country, ...
Post by: uni67 on Jul 22, 2019
If the government imposes a quantity restriction on how many shoes can be imported into a country, and the total quantity is below the market equilibrium quantity:

▸ total surplus in the market decreases.

▸ total surplus in the market does not change.

▸ total surplus in the market increases.

▸ total surplus may increase or decrease, depending on whether costs are increasing or decreasing in production.


Title: If the government imposes a quantity restriction on how many shoes can be imported into a country, ...
Post by: sarahlouhigg on Jul 22, 2019
total surplus in the market decreases.