Examlex
A decrease in quantity demanded because of an increase in price is represented by a
Individual Transferable Quotas
Regulatory tools that limit the volume of resources, such as fish, that an individual or company is authorized to catch or harvest.
Enforceable
Capable of being imposed or upheld by law or rule, ensuring compliance or obedience.
ITQs
ITQs, or Individual Transferable Quotas, are regulatory tools used in fisheries management, allowing for the control of total harvest quantities while allocating specific portions to individuals or entities.
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