-The above figure shows the U.S.market for 1 carat diamonds.Area A is the
A) increase in producer surplus due to the import quota.
B) importers' profit from the import quota.
C) decrease in consumer surplus due to the import quota.
D) deadweight loss from the import quota.
E) gain in total surplus due to the import quota.
Correct Answer:
Verified
Q158: Q159: If a quota is imposed on imports Q160: The difference between a tariff and a Q161: The average U.S.tariff was highest in the Q162: If an import quota is imposed on Q164: A tax on a good that is Q165: When a tariff is imposed on a
A)
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