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Practice what you have learned about the impact of price controls and quotas on consumer surplus, producer surplus, total surplus, and dead-weight loss in this four-question exercise.
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consumer surplus, producer surplus, khan academy, khan academy: the effect of government interventions on surplus, the effect of government interventions on surplus, dead-weight loss, impact of price controls and quotas on surplus, total surplus, deficit and surplus, degree of price control, marketing quota system
Classroom Considerations
- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Practice