This Graph Demonstrates the Domestic Demand and Supply for a Good,as

question 22

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a quota and the world price for that good. According to the graph shown,if the government restricts trade,area G represents:

• A) government tax revenues.
• B) deadweight loss.
• C) quota rents.
• D) transferred surplus.

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