Refer to the Figure Below to Answer the Following Question

question 19

Multiple Choice

Refer to the figure below to answer the following question. Figure 7.3.2
-Refer to Figure 7.3.2.The supply of peanuts in Canada is made up of Canadian grown peanuts and imported peanuts.Initially,Canada engages in free trade in the peanut market.Then Canada puts a quota on peanut imports.The graph shows the Canadian market for peanuts when the Canadian government puts a quota on peanut imports.The Canadian consumer surplus that is redistributed to Canadian producers is ________ and the quota creates a deadweight loss equal to ________.

• A)area B + C + D + E;zero
• B)area B + C + F;area D
• C)area B;area D + E
• D)area B;area C + E
• E)area B + C + D;area E + F

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Definitions:

Disadvantages

The negative aspects or drawbacks associated with a decision, action, or situation.

Absentees

Individuals who are expected to be present at a certain place or event but are missing.

Visual Aids

Materials such as charts, graphs, pictures, or videos used to enhance understanding or retention of information.

Nonverbal Messages

Nonverbal messages are communications expressed through body language, facial expressions, tone of voice, and other non-linguistic forms, supplementing or substituting verbal messages.