If the demand curve for clams is downward sloping,a quota that is set below the equilibrium quantity will decrease the price that consumers pay for clams.

Name: If the demand curve for clams is downward sloping,a quota that is set below the equilibrium quantity will decrease the price that consumers pay for clams.
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Question

Quizplus · Accepted Answer

A quota set below the equilibrium quantity will restrict supply, leading to a higher price for consumers due to the reduced availability of clams.

If the Demand Curve for Clams Is Downward Sloping,a Quota