(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.If import licenses are granted to foreigners, the net loss due to the import quota is equal to areas:
A.K + L.
B.G + J.
C.G + H + I + J.
D.G + H + I + J + K + L.
Correct Answer:
Verified
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