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If a quota is imposed below the equilibrium quantity in a market: The demand and supply prices will be equal. The demand price will be
If a quota is imposed below the equilibrium quantity in a market: The demand and supply prices will be equal. The demand price will be greater than the supply price. The supply price will be greater than the demand price. The supply price will be exactly double the demand price
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
