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Author Question: -3 Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure ... (Read 28 times)

Medesa

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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 after the imposition of a quota?


◦ $10.75 million
◦ $15.75 million
◦ $17.25 million
◦ $27.75 million


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Marked as best answer by Medesa on Mar 16, 2019

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Medesa

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Reply 2 on: Mar 16, 2019
:D TYSM


ecabral0

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

 

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