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Suppose a group of producers impose a quota on production. Explain a) what a quota does (3 marks) b) whether the quota would raise incomes
Suppose a group of producers impose a quota on production. Explain a) what a quota does (3 marks) b) whether the quota would raise incomes more effectively on a demand elastic or inelastic good. (3 marks) Use a demand and supply diagram in your
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Agricultural Economics
Authors: Evan Drummond, John Goodwin
3rd edition
136071929, 978-0136071921
