Figure 9-3 Since 1953 the United States Has Imposed

Multiple Choice

Figure 9-3 Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
-Refer to Figure 9-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?

A) $12 million
B) $17.25 million
C) $20 million
D) $44 million