× Didn't find what you were looking for? Ask a question
  
  
Top Posters
Since Sunday
26
21
21
21
20
19
19
19
18
18
18
18
New Topic  
wrote...
Posts: 194
3 weeks 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
Edition: 8th
Authors:
Read 94 times
1 Reply
Related Topics
Replies
wrote...
3 weeks ago
total surplus in the market decreases.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  106 People Browsing
Your Opinion
Do you believe in global warming?
Votes: 186

Related Images
 4026
 384
 72