Figure 9-3

Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
-Refer to Figure 9-3.What is the area that represents revenue to foreign producers who are granted permission to sell in the U.S.market when there is a quota?

Question

Figure 9-3
  
Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
-Refer to Figure 9-3.What is the area that represents revenue to foreign producers who are granted permission to sell in the U.S.market when there is a quota?

Quizplus · Accepted Answer

The area that represents revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota is the sum of K, L, I, and J. Therefore, the correct choice is C, which includes all four of these areas.

Figure 9-3 Since 1953 the United States Has Imposed a Quota to Has