Question 3 If the government sets a production quota for rice that exceeds the equilibrium quantity, then the price of a ton of rice and the quantity. O falls; decreases rises; increases O falls; increases Orises; decreases None of the above answers are correct.
Question 3 If the government sets a production quota for rice that exceeds the equilibrium quantity, then the price of a ton of rice and the quantity. O falls; decreases rises; increases O falls; increases Orises; decreases None of the above answers are correct.
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 3TY
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