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Home Q & A Board Other Fields Homework Help Business Economics
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PaulKet PaulKet
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Posts: 488
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6 years ago
A quota will reduce consumer welfare when
A) the quota is less than the amount purchased without the quota.
B) the quota is greater than the amount purchased without the quota.
C) the quota is on a good with high income elasticity.
D) Quotas always reduce consumer welfare.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 45 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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unExpectedunExpected
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Posts: 267
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6 years ago
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PaulKet Author
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#2
5 years ago
Smiling Face with Open Mouth Yay, got perfect on my quiz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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