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Author Question: If a government imposes a quota on imports of a popular doll, the price of the doll in the country ... (Read 333 times)

lb_gilbert

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on: Jun 29, 2018
If a government imposes a quota on imports of a popular doll, the price of the doll in the country will ________ and the quantity purchased in the country will ________.
 
  A) rise; increase
  B) rise; decrease
  C) fall; increase
  D) fall; decrease

Question 2

All the decisions made by people who operate firms have one overriding objective, which is to ________.
 
  A) make maximum attainable profit
  B) maximize the firm's total revenue
  C) maximize the firm's market share
  D) maximize the quantity that the firm sells


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kishoreddi

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

B

Answer to Question 2

A


lb_gilbert

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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