If a Quota Is Set Above the Equilibrium Quantity, There

question 115

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.

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Definitions:

Treatment

The act of dealing with a disease, disorder, or injury using medical, therapeutic, or other interventions to alleviate symptoms or achieve recovery.

Data

Information collected for reference or analysis, often in numerical form.

High Correlation

Refers to a strong relationship between two variables indicating that as one variable changes, the other also changes in a predictable pattern.

Measures

Tools or instruments used to assess, quantify, or evaluate a particular variable or set of variables.