Answered: Now, after opening this market to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Now, after opening this market to trade, the government decides to implement a quota of 50 in this market. The total surplus with the quota is equal to:

A. $0

B. $5000

C. $10000

D. $15000

Note:-

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600
500
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200
100
0
demand
supply
50
100
quantity
150
200

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