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Author Question: Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure ... (Read 52 times)

Yolanda

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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. Without the quota, the domestic price of peanuts equals the world price which is $2.00 per pound. What is the quantity of peanuts demanded by domestic consumers in the absence of a quota?


◦ 10 million pounds
◦ 28 million pounds
◦ 30 million pounds
◦ 40 million pounds
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Yolanda on Mar 16, 2019

macmac

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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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Yolanda

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

covalentbond

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

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