EBK ESSENTIALS OF ECONOMICS
4th Edition
ISBN: 8220103647380
Author: KRUGMAN
Publisher: MAC HIGHER
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Question
Chapter P2, Problem 2.3BC
To determine
Effect on M financials if quota is removed
Concept Introduction
Quantity Control or Quota: The government intervenes by specifying a limit of quantity that can be bought or sold in the market. The quantity of goods or services that can be bought or sold under such system is known as quota limit.
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