The following figure illustrates the demand and supply curves for PCs in a small country.

-When a quota is imposed in a domestic market:
A) domestic producers capture all of any future increase in demand.
B) foreign producers capture all of any future increase in demand.
C) the government captures all of any future increase in demand.
D) All of the above
E) None of the above
Correct Answer:
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Q19: The following figure illustrates the demand and
Q20: The following figure illustrates the demand and
Q21: The following figure illustrates the demand and
Q22: The following figure illustrates the demand and
Q23: The following figure illustrates the demand and
Q25: For the government, a quota is worse
Q26: Like tariffs, quotas result in:
A) additional government
Q27: When a quota is imposed, the losers
Q28: Suppose a quota on foreign-produced cars is
Q29: When a quota is imposed:
A) foreign firms
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