Figure 5.3 illustrates the apple market for Sweden,assumed to be a "small" country that is unable to affect the world price.SSweden is the domestic supply and DSweden is the domestic demand.SSweden+Quota is Sweden's supply schedule with an import quota.
Figure 5.3.Sweden's Apple Market

-Consider Figure 5.3.As a result of the quota,Sweden's consumer surplus:

Question

Figure 5.3 illustrates the apple market for Sweden,assumed to be a "small" country that is unable to affect the world price.SSweden is the domestic supply and DSweden is the domestic demand.SSweden+Quota is Sweden's supply schedule with an import quota.
Figure 5.3.Sweden's Apple Market
 
-Consider Figure 5.3.As a result of the quota,Sweden's consumer surplus:

Quizplus · Accepted Answer

A quota typically reduces consumer surplus because it limits the quantity of goods available, leading to higher prices. In this case, the consumer surplus decreases by $8.

Figure 53 Illustrates the Apple Market for Sweden,assumed to Be a a "Small