Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. The quota will make total consumer surplus equal to

A) $25,000.
B) $13,125,000.
C) $40,000,000.
D) $62,500,000.
E) $75,625,000.


D

Economics

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As new firms enter a competitive price-searcher market, profits of existing firms

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Most economists are opposed to the "living wage" concept in foreign labor agreements because:

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Economics