Tackle the Test: Multiple-Choice Questions

Refer to the graph provided for Questions 1–3.

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  1. Question

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    If the government established a quota of 1,000 in this market, the demand price would be
  2. Question

    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
    If the government established a quota of 1,000 in this market, the supply price would be
  3. Question

    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
    If the government established a quota of 1,000 in this market, the quota rent would be
  4. Question

    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
    Quotas lead to which of the following?
  5. Question

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    Which of the following would decrease the effect a quota has on the quantity sold in a market?