After the imposition of the quota, the quantity demanded of TVs is ________ thousand. 

A. 20
B. 80
C. 100
D. 40

Answer: B

Economics

You might also like to view...

The Leontief production function implies:

A. L-shaped isoquants. B. convex-shaped isoquants. C. straight-line isoquants. D. A positive MRTS.

Economics

Which of the following may transform an industry from oligopoly to monopolistic competition?

A. Significant vertical integration B. Exit of firms C. A series of horizontal mergers D. Entry of new firms

Economics