100 3 6 9 12 15 1821 2419. If the free trade price is IP and this country imposes an import quota of 6 units, the welfar(a) area (a) in this graph(b) area (b) in this graph(c) areas (c) + (d)(d) areas (b) + (c) + (d)(e) areas (a) + (b) + (c) + (d)QUESTION 20 25Sd2015p*a b10IPDd0-0 3 6 9 12 15 18 2124Q19. If the free trade price is IP and this country imposes an import quota of 6 units, the welfare loss to this economy is represented by(a) area (a) in this graph(b) area (b) in this graphP.5

Given, IP = free trade price Import Quota = 6 units

P. 25 Sd- 15 P* a IP 10 Dd 0 3 6 12 15 18 21 24 19. If the free trade price is IP and this country imposes an import quota of 6 units, the welfare loss to this economy is represented by (a) area (a) in this graph 20

P. 25 Sd- 15 P* a IP 10 Dd 0 3 6 12 15 18 21 24 19. If the free trade price is IP and this country imposes an import quota of 6 units, the welfare loss to this economy is represented by (a) area (a) in this graph 20

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 12P

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Question

10
0 3 6 9 12 15 18
21 24
19. If the free trade price is IP and this country imposes an import quota of 6 units, the welfar
(a) area (a) in this graph
(b) area (b) in this graph
(c) areas (c) + (d)
(d) areas (b) + (c) + (d)
(e) areas (a) + (b) + (c) + (d)
QUESTION 20

25
Sd
20
15
p*
a b
10
IP
Dd
0-
0 3 6 9 12 15 18 21
24
Q
19. If the free trade price is IP and this country imposes an import quota of 6 units, the welfare loss to this economy is represented by
(a) area (a) in this graph
(b) area (b) in this graph
P.
5

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