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This question is about the Canadian dairy industry (supply management). I would like to know if when the government imposes quotes on Canadian dairy farmers...
This question is about the Canadian dairy industry (supply management). I would like to know if when the government imposes quotes on Canadian dairy farmers... does this push quantity above or below equilibrium. Furthermore, what are the consequences of these quotas. Thank you. I am very confused about this. Would it also be possible to graph this? If so, how would it look like.
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