Figure 9-3 Since 1953 the United States Has Imposed

question 295

Multiple Choice

Figure 9-3 Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
-Refer to Figure 9-3. What is the value of consumer surplus after the imposition of the quota?

• A) $8 million
• B) $26.25 million
• C) $45.5 million
• D) $72.25 million

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