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

Name: After the imposition of the quota, the quantity demanded of TVs is _____ thousand.
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Question

Quizplus · Accepted Answer

In an open economy with a quota, the price equates the quantity supplied with the quota with domestic demand, which in this case occurs at a price of $125 per TV. At that price, the quantity of TVs demanded is 80 thousand.

After the Imposition of the Quota, the Quantity Demanded of TVs