Analyzing Quotas Page 1 of 2 10 15 20 25 30 35 40 45 50 55 50 65 Quantity What is the Equilibrium Price? $120 3 What is the Equilibrium Quantity? 40| Suppose the government imposes a quota of 20 on this good as shown in the graph. $180 5160 Price $140 5120 i P: $100 5100 /. io: 20 $80 1 $60 $40 ' $20 3 D $0 0 5 10 15 20 25 30 35 4O 45 50 55 60 Quantity What is the Equilibrium Price? $120 3 (3 What is the Equilibrium Quantity? 40 Suppose the government imposes a quota of 20 on this good as shown in the graph. 4b This quota will be (select from this menu) 4} This quota will (select from this menu) A v With a quota of 20, how much will actually be bought and sold in the market? At a quantity of 20, what is the maximum price that consumers are willing and able to pay for each unit bought? $ 3 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 Price 0 5 10 15 20 25 30 35 40 45 50 55 60 Quantity What is the Equilibrium Price? $120 3 What is the Equilibrium Quantity? 40 Suppose the government imposes a quota of 20 on this good as shown in the graph. This quota Will be v" (select from this menu} binding or effective. This quota will nonbinding or not effective. With a quota of 20, how much will actually be bought and sold in the market? 3 At a quantity of 20, what is the maximum price that consumers are willing and able to pay for each unit bought? 35 C $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 Price 0 5 10 15 20 25 30 35 40 45 50 55 60 Quantity What is the Equilibrium Price? $120 3 (> What is the Equilibrium Quantity? 40 Suppose the government imposes a quota of 20 on this good as shown in the graph. This quota will be (select from this menu) 7 This quota will ~/ (select from this menu} reduce the quantity bought and sold. With a quota 0' Id in the market? 3 increase the quantity bought and sold. At a quantity 0 have no effect on the market. rs are willing and able to pay for each unit bought? $ 3 What is the Equilibrium Price? $120 3 (> What is the Equilibrium Quantity? 40 Suppose the government imposes a quota of 20 on this good as shown in the graph. This quota will be (select from this menu) This quota will (select from this menu) With a quota of 20, how much will actually be bought and sold in the market? 3 At a quantity of 20, what is the maximum price that consumers are willing and able to pay for each unit bought? 35 C At a quantity of 20, what is the minimum price that producers are willing to accept for each unit sold? 35 C A quota 0f 20 Will likely J (select from this menu) increase the price consumers pay. This quota of 20 will lik- better off. have no effect on the market. __ This quota of 20 will lik worse off. What is the Equilibrium Price? $120 3 (5 What is the Equilibrium Quantity? 40 Suppose the government imposes a quota of 20 on this good as shown in the graph. 4D- This quota will be (select from this menu) it This quota will (select from this menu) With a quota of 20, how much will actually be bought and sold in the market? 3 At a quantity of 20, what is the maximum price that consumers are willing and able to pay for each unit bought? 35 C At a quantity of 20, what is the minimum price that producers are willing to accept for each unit sold? $ 3 A quota of 20 will likely (select from this menu) This quota of 20 will likely make J (select from this menu) better off. all consumers who want to purchase the good \"\"8 quota 0f 20 W'" likely make only those consumers who are still able to buy the good I worse Off' all producers who want to sell the good only those producers who are still able to sell the good everyone in the market no one in the market only the government