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-The Above Figure Shows the Market for Rice in Japan

Question 42

Multiple Choice

-The above figure shows the market for rice in Japan.s₂ represents the domestic supply curve,and s₁ represents the world supply curve.Suppose a free market exists.An import quota of 30 units would A) cause consumer surplus to fall by e. B) cause social welfare to fall by $30. C) increase producer surplus by d. D) have no effect.
-The above figure shows the market for rice in Japan.s₂ represents the domestic supply curve,and s₁ represents the world supply curve.Suppose a free market exists.An import quota of 30 units would


A) cause consumer surplus to fall by "e."
B) cause social welfare to fall by $30.
C) increase producer surplus by "d."
D) have no effect.

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