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hardy7luver hardy7luver
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A year ago
Consider the Canadian market for barley. Suppose a marketing board sets a production quota which is below the equilibrium quantity. The quota will cause the price of barley to ________ and the total revenue earned by Canadian barley farmers to ________.

▸ fall; fall if demand is elastic

▸ rise; rise if demand is inelastic

▸ fall; fall if demand is inelastic

▸ rise; rise if demand is elastic

▸ remain unchanged; remain unchanged
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Microeconomics

Microeconomics


Edition: 17th
Author:
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nalsaidynalsaidy
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A year ago
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hardy7luver Author
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A year ago
Correct Slight Smile TY
einstein
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Thanks for your help!!
7.prime7105
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Thanks
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