Figure 7.3

Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area that represents the deadweight loss as a result of the quota?
A)G + H
B)G + H + I + J
C)E + I + J + M
D)E + M

Question

Figure 7.3
  
Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area that represents the deadweight loss as a result of the quota?
A)G + H 
B)G + H + I + J 
C)E + I + J + M 
D)E + M

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 that represents the deadweight loss as a result of the quota?
A)G + H 
B)G + H + I + J 
C)E + I + J + M 
D)E + M

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