Solution-Level does the quota become binding

Level does the quota become binding

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Reference no: EM131209895

Suppose the market supply curve with no quota is Q_{No Quota} = +1.00p and the market supply with a quota is Q_Quota = 2.0 +0.75p. At what price and output level does the quota become binding? Price =$ (enter your response as a whole number).

Reference no: EM131209895

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Level does the quota become binding : Suppose the market supply curve with no quota is QNo Quota = +1.00p and the market supply with a quota is QQuota = 2.0 +0.75p. At what price and output level does the quota become binding? Price =$ (enter your response as a whole number).

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Level does the quota become binding

Reference no: EM131209895

Reference no: EM131209895

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