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Exhibit 19-8 -Refer to the Graph in the Exhibit.Suppose the Country Is

Question 67

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Exhibit 19-8
Exhibit 19-8 -Refer to the graph in the exhibit.Suppose the country is initially trading without restrictions at a world price of $2.00, and an import quota of 50 units per month is enacted.What area represents the decrease in consumer surplus?   A)  area c + d  B)  area c + d + e  C)  area b + c + d + e  D)  area a + b + c + d + e
-Refer to the graph in the exhibit.Suppose the country is initially trading without restrictions at a world price of $2.00, and an import quota of 50 units per month is enacted.What area represents the decrease in consumer surplus?  


A)  area c + d 
B)  area c + d + e 
C)  area b + c + d + e 
D)  area a + b + c + d + e

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