With a quota of 60, how much will actually be bought and sold in the market? At a quantity of 60, what is the maximum price that consumers are willing and able to pay for each unit bought? At a quantity of 60, what is the minimum price that producers are willing to accept for each unit sold? A uota of 60 will likel (select from this menu) \\/ (select from this menu) increase the price consumers pay. decrease the price consumers pay. have no effect on the market. _ 50 Suppose the government imposes a quota of 60 on this good as shown in the graph. This quota will be (select from this menu) This quota will (select from this menu) V (select from this menu) reduce the quantity bought and sold. increase the quantity bought and sold. have no effect on the market. bought? $ At a quantity of 60, what is the@ At a quantity of 60, what is the maximum price that consumers are willing and able to pay for each unit bought? At a quantity of 60, what is the minimum price that producers are willing to accept for each unit sold? A quota of 60 will likely 0 (select from this menu) This quota of 60 will likely make (select from this menu) better off. This quota of 60 will likely make (select from this menu) worse off. Analyzing Quotas Page 1 of 2 $420 $400 $380 $360 S $340 $320 $300 $280 $260 $240 Price $220 $200 $180 $160 $140 $120 $100 $80 $60 D $40 $20 $0 0 10 20 30 40 50 60 70 Quantity What is the Equilibrium Price? $210 What is the Equilibrium Quantity? 30Suppose the government imposes a quota of 60 on this good as shown in the graph. Thqasuot will be 7 _ (select from this menu) \\/ (select from this menu) binding or effective. non-binding or not effective. With a quota of 60, how much will actually be bought and sold in the market? At a quantity of 60, what is the maximum price that consumers are willing and able to pay for each unit bought? At a quantity of 60, what is the O 9:48 .I 568 f: a At a quantity of 60, what is the minimum price that producers are willing to accept for each unit sold? A quota of 60 will likely 0 (select from this menu) This 0 .o '0. l' .- n..- (sel- J (select from this menu) bette all consumers who want This . to purchase the good (39' only those consumers who are still able to buy worse the good 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