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3 years ago

If a quota is set above the equilibrium quantity, there will be:

Business

1 answer:

vodka [1.7K]3 years ago

3 0

Answer:

The correct answer is option c.

Explanation:

The quota is a non-tariff restrictive barrier on trade imposed by importing countries. It is the quantitative limit fixed on the imports. When a quota is imposed below the equilibrium price. It will lead to a reduction in supply and cause an increase in price. This will increase producer surplus for domestic producers but reduce consumer surplus.

If a quota is imposed above the equilibrium quantity it will not affect the market. This is because the suppliers are already supplying less than the quota limit.

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Answer:

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a) Data and Calculations:

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Flex time is the time that the company or the organisation offers to some of the employees of the organisation which is not the same as the regular working time of the other organisations. These employees who work for flex time sometimes pose to be a problem for the company.

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