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Module Supply and Demand: Quantity Controls

This module explores the concept of quantity controls and how they can create inefficiencies in markets. It discusses who benefits and who loses from these controls, despite their well-known problems. Topics include quota and license control, demand and supply prices, and the cost of quantity controls.

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Module Supply and Demand: Quantity Controls

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  1. 9 ModuleSupply and Demand:Quantity Controls • KRUGMAN'S • MACROECONOMICS for AP* Margaret Ray and David Anderson

  2. What you will learnin thisModule: • The meaning of quantity controls, another way government intervenes in markets • How quantity controls create problems and can make a market inefficient • Who benefits and who loses from quantity controls, and why they are used despite their well-known problems

  3. Controlling Quantities • Quantity Control - Quota • Licenses

  4. The Anatomy of Quantity Controls

  5. The Anatomy of Quantity Controls • Demand Price • Supply Price • Wedge - Quota Rent

  6. The Cost of Quantity Controls • Deadweight Loss

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