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-The Above Figure Shows the Australian Market for 1 Carat

Question 87

Multiple Choice

-The above figure shows the Australian market for 1 carat diamonds. Area B + area D is the A) gain in total surplus due to the import quota. B) increase in producer surplus due to the import quota. C) decrease in consumer surplus due to the import quota. D) deadweight loss from the import quota. E) importers' profit from the quota.
-The above figure shows the Australian market for 1 carat diamonds. Area B + area D is the


A) gain in total surplus due to the import quota.
B) increase in producer surplus due to the import quota.
C) decrease in consumer surplus due to the import quota.
D) deadweight loss from the import quota.
E) importers' profit from the quota.

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