If a quota is set above the equilibrium quantity, there will be: no immediate effect. a supply price for the quantity transacted that exceeds the demand price of the quantity transacted. missed opportunities in the form of mutually beneficial transactions that don't occur. O incentives for illegal activities.

If a quota is set above the equilibrium quantity, there will be: no immediate effect. a supply price for the quantity transacted that exceeds the demand price of the quantity transacted. missed opportunities in the form of mutually beneficial transactions that don't occur. O incentives for illegal activities.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 6P

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