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Author Question: Consider the following demand and supply schedules for some agricultural commodity.PriceQuantity ... (Read 67 times)

jmoore1989

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on: Oct 12, 2022
Consider the following demand and supply schedules for some agricultural commodity.

PriceQuantity SuppliedQuantity Demanded
 $10  300 1100
 $30  500  900
  $50  700  700
  $70  900  500
  $90 1100  300
$110 1300  100

TABLE 5-2

Refer to Table 5-2. Suppose we begin in a free-market equilibrium. If the government then imposes a production quota of 500 units, total farmers' income
◦ decreases by $700.
◦ increases by $500.
◦ remains unchanged.
◦ increases by $800.
◦ decreases by $500.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jmoore1989 on Oct 12, 2022

sin

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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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jmoore1989

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

momolu

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

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