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Intro to production quotas and subsidies in the market
📝 My Notes
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Intro to production quotas and subsidies in the market
1:39
About this lesson
- Two ways of government intervention
- Definition of Production Quota
- Definition of Subsidy
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Video 1 of 7
Intro to production quotas and subsidies in the market
2 min
• Selected
How production quotas affect market price, marginal cost, and supply
4 min
Effects of subsidies on supply, price, and production efficiency
4 min
Graphing supply and demand to find price and marginal cost under a production quota
7 min
Production quota above equilibrium has no effect on price or quantity
7 min
Effect of a $30 subsidy on supply, price, and marginal cost for bags
8 min
Graphing supply and demand with an $18 subsidy to find price and marginal cost
9 min