Multiple Choice

-The above figure shows the U.S.market for 1 carat diamonds.Suppose the United States imposes the import quota shown in the figure.With the import quota,how many diamonds can be imported?
A) 500,000
B) 700,000
C) 400,000
D) 900,000
E) 300,000
Correct Answer:
Verified
Related Questions
Q168: A quota _ a deadweight loss and
Q169: Economists argue for free trade in export