Economy, asked by saidurkhan989, 3 days ago

e) Discuss the various effects of import quotes under partial equilibrium analysis.

Answers

Answered by neetukumarisha64

0

Explanation:

The import quotas can have various effects such as price effect, protective or production effect, consumption effect, revenue effect, redistributive effect, terms of trade effect and balance of payments effect. Some of them can be studied under the partial equilibrium analysis while some others under general equilibrium system. However, these effects have been almost exclusively analysed under the partial equilibrium conditions.

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