-The Above Figure Shows the Market for Rice in Japan

Multiple Choice

-The above figure shows the market for rice in Japan where price is expressed in dollars.S represents the domestic supply curve,and the horizontal line at P = 1 represents the world supply curve.Suppose a free market exists.An import quota of Q₂ units would

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