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The table below shows data for the widget market. Graph the supply and demand curves. Suppose the world price of widgets is $100 and there is free trade. What would happen to the price for widgets if the government imposes a quota of 30 units?
Quantitative
Pertaining to, assessing, or evaluated based on the amount of something rather than its excellence.
Active Interviewing
A dynamic and interactive form of interviewing where both the interviewer and interviewee actively participate and contribute to the flow of conversation and exchange of ideas.
Spurious Correlation
A statistical relationship between two variables that appears to be causally related but is actually due to a third variable or chance.
Causal
Relating to the cause and effect relationship between two or more variables or events.
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