Multiple Choice
-The above figure shows the U.S.market for 1 carat diamonds.Area B + area D is the
A) decrease in consumer surplus due to the import quota.
B) importers' profit from the quota.
C) gain in total surplus due to the import quota.
D) deadweight loss from the import quota.
E) increase in producer surplus due to the import quota.
Correct Answer:

Verified
Correct Answer:
Verified
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