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Exhibit 18-8 -If the Country in Exhibit 18-8 Is Initially Trading Without

Question 114

Multiple Choice

Exhibit 18-8 Exhibit 18-8 -If the country in Exhibit 18-8 is initially trading without restrictions at a world price of $2.00 and an import quota of 50 units per month is enacted, the decrease in consumer surplus can be represented by area A) a B) c + d C) c + d + e D) b + c + d + e E) a + b + c + d + e
-If the country in Exhibit 18-8 is initially trading without restrictions at a world price of $2.00 and an import quota of 50 units per month is enacted, the decrease in consumer surplus can be represented by area


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

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