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Author Question: What is the value of the deadweight loss as a result of the quota? (Read 95 times)

frankwu

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on: Mar 16, 2019

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 the deadweight loss as a result of the quota?


◦ $5.25 million
◦ $8 million
◦ $17.25 million
◦ $20 million
« Last Edit: Mar 16, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by frankwu on Mar 16, 2019

bigcheese9

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frankwu

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review

recede

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

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