Refer to Figure 9-3. What is the area of consumer surplus after ...

[Medesa]

Refer to Figure 9-3. What is the area of consumer surplus after the imposition of the quota?
 
  A) A B) G + H C) A + G + H D) G + H + E + I+ J + M

Question 2

Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?
 
  A) a decrease in demand and a decrease in supply
  B) an increase in supply
  C) a decrease in demand and an increase in supply
  D) an increase in supply and an increase in demand greater than the increase in supply

[brittanywood]

Answer to Question 1

C

Answer to Question 2

B

[Medesa]

Excellent

[gcook]

Great answer, keep it coming