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Author Question: Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure ... (Read 48 times)

hbsimmons88

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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. If there was no quota, how many pounds of peanuts would domestic producers supply?


◦ 10 million
◦ 28 million
◦ 30 million
◦ 40 million


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Marked as best answer by hbsimmons88 on Mar 16, 2019

Eazy416

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Eazy416

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