(Figure: The Market for Calculators) Look at the figure The Market for Calculators.The world price, PW, equals $100.The government imposes a quota restricting imports to 25 calculators.The domestic price rises to ________ and the quota rent is equal to area _.
A.$120; K + L
B.$150; K + H + I + L
C.$120; H + I
D.$150; G + H + I + J
Correct Answer:
Verified
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