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Author Question: How does a production quota influence farm prices and output? What will be an ideal ... (Read 93 times)

james9437

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on: Jun 29, 2018
How does a production quota influence farm prices and output?
 
  What will be an ideal response?

Question 2

Moral hazard results from ________ information and adverse selection results from ________ information.
 
  A) private; private
  B) private; public
  C) public; private
  D) public; public


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Pariscourtney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

If a production quota is set above the equilibrium quantity, it has no effect. If a production quota is set less than the equilibrium quantity, it decreases output and raises the price.

Answer to Question 2

A


james9437

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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