Figure 7.3

Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area of consumer surplus after the imposition of the quota?
A)A + G + H
B)G + H + E + I+ J + M
C)G + H

Question

Figure 7.3
  
Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area of consumer surplus after the imposition of the quota?
A)A + G + H 
B)G + H + E + I+ J + M 
C)G + H

Quizplus · Accepted Answer

The Answer of Figure 7.3
  
Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area of consumer surplus after the imposition of the quota?
A)A + G + H 
B)G + H + E + I+ J + M 
C)G + H

Figure 7.3 Assume That the Canadian Government Limits the Import of Peanuts