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The Following Graph Shows the Demand for and the Supply

Question 24

Multiple Choice

The following graph shows the demand for and the supply of a good in a country.If the world price of the good is $2.00 per unit and an import quota of 50 units per month is imposed,the welfare loss resulting from higher domestic production costs is represented by the area _____.
The following graph shows the demand for and the supply of a good in a country.If the world price of the good is $2.00 per unit and an import quota of 50 units per month is imposed,the welfare loss resulting from higher domestic production costs is represented by the area _____. A) a B) b C) c and d D) g and h E) e


A) a
B) b
C) c and d
D) g and h
E) e

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