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Figure 7.3 Assume That the Canadian Government Limits the Import of Peanuts

Question 58

Multiple Choice

Figure 7.3
Figure 7.3     Assume that the Canadian government limits the import of peanuts. -Refer to Figure 7.3.What is the area that represents revenue to foreign producers who are granted permission to sell in the Canadian market when there is a quota? A) I + J B) E + I + J + M C) I + J + K+ L D) G + H + I + J
Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.What is the area that represents revenue to foreign producers who are granted permission to sell in the Canadian market when there is a quota?


A) I + J
B) E + I + J + M
C) I + J + K+ L
D) G + H + I + J

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