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Author Question: What is a quota? What will be an ideal response?[br][br][b][color=#FA1639]Question ... (Read 14 times)

Jipu 123

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on: Jun 29, 2018
What is a quota?
 
  What will be an ideal response?

Question 2

The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in purchasing power as a result of the price change.
 
  Indicate whether the statement is true or false
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peter

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

A quota is a limit on the quantity of imports.

Answer to Question 2

TRUE


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