When a Quota Is Imposed on a Market, The

question 59

Multiple Choice

When a quota is imposed on a market, the:

• A)supply curve (above the world price) shifts to the right by the amount of the quota
• B)supply curve (above the world price) shifts to the left by the amount of the quota
• C)demand curve (above the world price) shifts to the right by the amount of the quota
• D)demand curve (above the world price) shifts to the left by the amount of the quota

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Economics Final

A comprehensive examination or assessment that concludes an academic course in economics, testing students' understanding and knowledge of economic principles.