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When an Effective Production Quota Is Applied in the Market

Question 67

Multiple Choice

When an effective production quota is applied in the market for wheat,the quantity produced ________ and the price ________.The marginal social benefit ________ the marginal social cost.


A) increases;rises;exceeds
B) decreases;falls;is less than
C) decreases;rises;exceeds
D) increases;falls;is less than
E) decreases;rises;is less than

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