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Author Question: Consider the Canadian market for barley. Suppose a marketing board sets a production quota which is ... (Read 81 times)

tyratatyanna

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on: Oct 12, 2022

Question 1

Output quotas are commonly used in markets for
◦ textiles.
◦ imported goods.
◦ financial products.
◦ exported goods.
◦ agricultural products.

Question 2

Consider the Canadian market for barley. Suppose a marketing board sets a production quota which is below the equilibrium quantity. The quota will cause the price of barley to ________ and the total revenue earned by Canadian barley farmers to ________.
◦ fall; fall if demand is elastic
◦ rise; rise if demand is inelastic
◦ fall; fall if demand is inelastic
◦ rise; rise if demand is elastic
◦ remain unchanged; remain unchanged
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tyratatyanna on Oct 12, 2022

kaynelson17

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tyratatyanna

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

carlsona147

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Reply 3 on: Yesterday
Excellent

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