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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    If the Demand Curve for Clams Is Downward Sloping,a Quota
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If the Demand Curve for Clams Is Downward Sloping,a Quota

Question 81

Question 81

True/False

If the demand curve for clams is downward sloping,a quota that is set below the equilibrium quantity will result in a demand price that is lower than the equilibrium price.

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