Multiple Choice
With a quota,the __________ is greater than the __________.
A) loss in producers' surplus; gain in consumers' surplus
B) loss in consumers' surplus; loss in producers' surplus plus higher total revenues on the imported goods
C) loss in producers' surplus plus higher total revenues on the imported goods; consumers' surplus
D) tax; revenue
E) quota-determined price; quota-determined output
Correct Answer:

Verified
Correct Answer:
Verified
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