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Author Question: -3 Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure ... (Read 92 times)

jrubin

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Figure 7-3








Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 7-3 illustrates the impact of the quota.  






Refer to Figure 7-3. What is the value of domestic producer surplus without a quota?


◦ $5 million
◦ $15.75 million
◦ $38.5 million
◦ $53.5 million


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Marked as best answer by jrubin on Mar 16, 2019

nmyers

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jrubin

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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