If a Quota Is Set Above the Equilibrium Quantity, There

question 59

Multiple Choice

If a quota is set above the equilibrium quantity, there will be:

• A)incentives for illegal activities.
• B)missed opportunities in the form of mutually beneficial transactions that don't occur.
• C)a supply price for the quantity transacted that will exceed the demand price of the quantity transacted.
• D)no effect from the quota.

---

Definitions:

Aquatic Organisms

Life forms, including plants and animals, that live in water environments, from oceans to rivers and lakes.

Macroevolution

Large-scale evolutionary changes that occur over geological time, leading to the emergence of new species and the extinction of others.

Evolutionary Changes

The alterations in the genetic makeup of populations over time, leading to the diversity of organisms found on Earth.

Species

An assembly of life forms made up of alike members that can interchange genes or mate with each other.