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If a quota reduces the amount of a good produced and consumed then we will see Part 2 A.excess supply in the market. excess supply
If a quota reduces the amount of a good produced and consumed then we will see Part 2 A.excess supply in the market. excess supply in the market. B.lower prices in the market. lower prices in the market. C.that the competitive market equilibrium is achieved. that the competitive market equilibrium is achieved. D.that economic surplus is maximized. that economic surplus is maximized. E.a deadweight loss. a deadweight loss
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