If M = $5,000, P = $20, and Q = 2,000, then V is

A student wrote: "A production quota is inefficient because it results in overproduction

At the quota quantity, marginal social cost is equal to the market price and marginal social benefit is less than the market price, so marginal social cost exceeds marginal social benefit." If you were the instructor, how would you correct this statement?

List all the influences on buying plans that change demand, and for each influence, say whether it increases or decreases demand

What will be an ideal response?