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  3. Study Set
    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    A Quota Is
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A Quota Is

Question 148

Question 148

Multiple Choice

A quota is:


A) a lower limit on quantity.
B) an upper limit on quantity.
C) a maximum price.
D) a minimum price.

Correct Answer:

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