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Author Question: Consider the market for any agricultural commodity for which there exists a binding output quota and ... (Read 62 times)

jrobl3

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on: Oct 12, 2022
Consider the market for any agricultural commodity for which there exists a binding output quota and demand is inelastic. One outcome of this situation is that
◦ the price and quantity adjust back to the free-market equilibrium levels.
◦ producers who enter this industry after the introduction of the quota benefit.
◦ producers leave this industry because total revenues fall as a result of the the quota.
◦ producers who were in this industry before the introduction of the quota are harmed.
◦ it is difficult for new producers to enter this industry because the quotas are very expensive.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

DevinBrifm

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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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jrobl3

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Reply 2 on: Oct 12, 2022
Gracias!

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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