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The Figure Given Below Shows the Market for MP3 Players

Question 1

Multiple Choice

The figure given below shows the market for MP3 players in a small country. Dd and Sd are the domestic demand and domestic supply curves of the MP3 players before the imposition of the quota. (Sd + QQ) is the total available domestic supply curve after the quota has been imposed. The quota on MP3 players will cause domestic producers to: The figure given below shows the market for MP3 players in a small country. D<sub>d</sub> and S<sub>d</sub> are the domestic demand and domestic supply curves of the MP3 players before the imposition of the quota. (S<sub>d</sub> + Q<sub>Q</sub>) is the total available domestic supply curve after the quota has been imposed. The quota on MP3 players will cause domestic producers to: A) gain $150 million. B) lose $100 million. C) gain $110 million. D) lose $120 million.


A) gain $150 million.
B) lose $100 million.
C) gain $110 million.
D) lose $120 million.

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