Protectionist Quotas

[@ivorpeanut5560]

WOW. This video was amazing; comprehensive, simple and straigh to the point. The world needs more people like you! Thank you!

[@prinsphil]

Amazing video. i understood the concept within 15 min. my classes cover the same in 60 min. please continue making these :D

[@divisharstg]

Honestly, the best analysis video on the subject. Thank you so much.

[@kaustav7498]

This video really helped me out a lot to just go over all the topics as I have an exam tomorrow, thank you so much! A question about the impact on government - can't the govt sell quota licenses to producers to earn some revenue?

[@niharikasaini9696]

omg ..you have made economics so easy and interesting ..please continue making more such videos ..

[@gregtheflyingwhale]

I am a bit late, but Is it possible to visualize an embargo? A complete ban of imports would result in supply shift to where Sw crosses Dk? But I am not sure, since Qdk will not move along the demand curve at all.

[@cirianar]

Why does supply shift rightwards? After all in microeconomics we learned that supply is ONLY shifted by 5 factors and is not dependent on quantity demanded. Why doesnt the price just adjust to the domestic equilibrium price like what happens in a microeconomic shortage?

[@goknil4099]

thank you sm, this Video made it Very clear.

[@truman5560]

Jason you are amazing, Thanks!

[@courage936]

I believe there is an error here, producers would produce 0 to Qq after Quota is introduced, imports would be made up of Qq to Qe1, and loss in consumption would be Qe1 to Qdk. I'm not sure if I am right or not, but multiple text books contradict this video, I spent hours trying figure out what was going on ^^

[@pjotrguffens]

Yh there are two ways to draw the quota diagram, the one you are mentioning and the one in this video

[@courage936]

@@pjotrguffens thank you

[@emergingschoolofeconomics2065]

kzbin.info/www/bejne/eYOtYnZ5d8egqM0

[@emergingschoolofeconomics2065]

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[@AtifAziz0077]

good one

[@Adel-qo2cn]

Watched this video literally around 10 times. Still don't get how imports are then sold at a higher price...

[@namanparakh624]

diku

[@sarthakarora3763]

because quotas lays down restriction/barriers to the entry of goods in domestic market. Thus, leading to decrease in the supply with already high demand. Hence increasing the price of imports.

[@atharwashah324]

Adel imports are sold at a higher price since the world price increases

[@emergingschoolofeconomics2065]

kzbin.info/www/bejne/eYOtYnZ5d8egqM0

[@wanderlewis8552]

@@atharwashah324 the world price does not increase but the local one in order to clear the market, in other words create an equilibrium

[@ChristianDG21]

wich software are you using at?

[@woobienewdy6692]

Very precise and clear!

[@duytran-hg4cl]

still useful for me now, keep doing this great job

[@tulinhvuong9446]

why my book does not write like that?...

[@RDW1216]

man is so underated

[@markkoo1850]

A high quality of video you made. Thank you very much. I was wondering what screening program and the sketchboard software you used to create the video?

[@-etaq8474]

Onenote obviously (for the sketch board software). And I think most computers with Windows or macOS has such a screening function.

[@nataliesvt]

what he's writing in is onenote

[@tdofeldt5742]

9:03 isnt this incorrect because the import price should remain at Pw? Only the domestic price increases

[@tamoghnobanerjee5053]

i think he meant to say that people that import foreign goods have to pay Pq. The foreign producers make Pw.

[@Victor-mx6vs]

9:03 is wrong. Foreign producers still take Pw instead of Pq

[@tdofeldt5742]

Exactly how dafuq can the import price increase when its supposed to be constant. Only the domestic price will increase.

[@shriyanspalshetkar5305]

foreign producers buy the good at the world price but sell it in the domestic market for the domestic price Pq hence their revenue is (Qq-Qk)*Pq

[@Rue_IDK]

thank you you made it very easy for me to understand

[@creamofthecrop4339]

amazing video! first one i found that actually helped

[@emmali3796]

Truly amazing content.

[@carolinec8804]

Amazing, thank you!

[@Phazratali786]

cool sir

[@andrebohnstedt9740]

The graph is wrong

[@maggiema4762]

awesomeeee vidddd！！！！

[@jaehyunlee3373]

Thick black pen..

[@plizzy6844]

I finally get it🗿 thank fuck I can finally move on

[@SRN-L]

applesss i have an apple i have a pen ugh apple-pen

[@nazalsakkaf3360]

you are talking too fast , thank u btw

[@mobin-despoubellespascomme7727]

Naz Alsakkaf yea..i agree..even i had difficulty in coping..

[@CouraTheExplora]

you can rewind lol

[@tonyhart2961]

lower playback speed