× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
uni67 uni67
wrote...
Posts: 475
4 years ago
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.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 151 times
1 Reply

Related Topics

Replies
wrote...
4 years ago
total surplus in the market decreases.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1054 People Browsing
Related Images
  
 48
  
 1100
  
 283
Your Opinion
Who's your favorite biologist?
Votes: 586