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-The Above Figure Shows the U

Question 175

Multiple Choice

-The above figure shows the U.S.market for 1 carat diamonds.Area A + area B + area C + area D is the A) deadweight loss from the import quota. B) importers' profit from the quota. C) decrease in consumer surplus due to the import quota. D) gain in total surplus due to the import quota. E) increase in producer surplus due to the import quota.
-The above figure shows the U.S.market for 1 carat diamonds.Area A + area B + area C + area D is the


A) deadweight loss from the import quota.
B) importers' profit from the quota.
C) decrease in consumer surplus due to the import quota.
D) gain in total surplus due to the import quota.
E) increase in producer surplus due to the import quota.

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