An effective production quota for peanuts with no imports of peanuts will ______. A. Lower the peanut

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An effective production quota for peanuts with no imports of peanuts will ______.
A. Lower the peanut growers’ costs, raise the market price of peanuts, and decrease consumer surplus
B. Raise the price of peanuts, which will decrease the demand for peanuts
C. Make the peanut market more efficient if the demand for peanuts is inelastic
D. Decrease the quantity of peanuts produced, decrease the quantity consumed, and increase the total surplus from peanuts

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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