When an effective production quota is applied in the market for wheat, the quantity produced ________ and the price ________. The marginal social benefit ________ marginal social cost.
A)increases; rises; exceeds
B)decreases; falls; is less than
C)decreases; rises; exceeds
D)increases; falls; is less than
E)decreases; rises; is less than

Question

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The Answer of When an effective production quota is applied in the market for wheat, the quantity produced ________ and the price ________. The marginal social benefit ________ marginal social cost.
A)increases; rises; exceeds
B)decreases; falls; is less than
C)decreases; rises; exceeds
D)increases; falls; is less than
E)decreases; rises; is less than

When an Effective Production Quota Is Applied in the Market