Top Posters
Since Sunday
M
2
j
2
c
2
u
2
r
2
t
2
A
2
j
2
b
2
K
2
a
2
o
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
thenamehobbs thenamehobbs
wrote...
Go to Answer
Posts: 163
Rep: 0 0
2 years ago
Consider the following demand and supply schedules for some agricultural commodity.

PriceQuantity SuppliedQuantity Demanded
 $10  300 1100
 $30  500  900
  $50  700  700
  $70  900  500
  $90 1100  300
$110 1300  100

TABLE 5-2

Refer to Table 5-2. Consider the market-clearing equilibrium. If the government then imposes a production quota of 500 units, the price of this commodity will ________ relative to the free-market equilibrium price.

▸ rise by $20

▸ rise by $40

▸ fall by $20

▸ fall by $40

▸ remain unchanged
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
naj2008hnaj2008h
wrote...
#1
Posts: 145
Rep: 1 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

thenamehobbs Author
wrote...

2 years ago
Thanks
Roselalo
wrote...

Yesterday
Helped a lot
amandamraz
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  387 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 4533
  
 198
  
 207
Your Opinion
What's your favorite funny biology word?
Votes: 401
Previous poll results: Who's your favorite biologist?