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-The Above Figure Shows the Australian Market for 1 Carat

Question 92

Multiple Choice

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


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

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