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The supply of apples in Canada is made up of Canadian grown apples and imported apples. Initially, Canada engages in free trade in the apple market. Price (dollars per kilogram) 30.00- Then Canada puts an import quota on apples. S 25.00- S+quota The graph shows the Canadian market for apples when the Canadian government puts an import quota on apples. 20.00- Explain who gains and who loses from an import quota and why the losses exceed the gains. 15.00- DCE World 10.00- price O C. The government loses from an import quota and producers gain from an import quota but producers gain less than the government loses. A 5.00- O D. Consumers and producers lose from an import quota and the government gains from an import quota but producers and consumers lose more than the government gains. 0.00 600 Quantity (thousands of kilograms per year) 200 400 800 1000 1200 The Canadian consumer surplus that is redistributed to Canadian producers is and the import quota creates a deadweight loss equal to O A. area B; area D + E O B. area B; area C + E O C. area B + C+D+ E; zero O D. area B+ C+F; area D

The supply of apples in Canada is made up of Canadian grown apples and imported apples. Initially, Canada engages in free trade in the apple market. Price (dollars per kilogram) 30.00- Then Canada puts an import quota on apples. S 25.00- S+quota The graph shows the Canadian market for apples when the Canadian government puts an import quota on apples. 20.00- Explain who gains and who loses from an import quota and why the losses exceed the gains. 15.00- DCE World 10.00- price O C. The government loses from an import quota and producers gain from an import quota but producers gain less than the government loses. A 5.00- O D. Consumers and producers lose from an import quota and the government gains from an import quota but producers and consumers lose more than the government gains. 0.00 600 Quantity (thousands of kilograms per year) 200 400 800 1000 1200 The Canadian consumer surplus that is redistributed to Canadian producers is and the import quota creates a deadweight loss equal to O A. area B; area D + E O B. area B; area C + E O C. area B + C+D+ E; zero O D. area B+ C+F; area D

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The supply of apples in Canada is made up of Canadian grown apples and imported apples. Initially, Canada engages in free trade in the apple market. Price (dollars per kilogram) 30.00- Then Canada puts an import quota on apples. 25.00- The graph shows the Canadian market for apples when the Canadian S+ quota government puts an import quota on apples. 20.00- Explain who gains and who loses from an import quota and why the losses exceed the gains. 15.00- B D CFE World 10.00- price OC. The government loses from an import quota and producers gain from an import quota but producers gain less than the government loses. A 5.00- D O D. Consumers and producers lose from an import quota and the government gains from an import quota but producers and consumers lose more than the government gains. 0.00- 200 Quantity (thousands of kilograms per year) 400 600 800 1000 1200 The Canadian consumer surplus that redistributed to Canadian producers is and the import quota creates a deadweight loss equal to A. area B; area D +E O B. area B; area C +E O C. area B+C +D+ E; zero O D. area B + C + F; area D O Time Remaining: 00:44:30 Next O 0 O O
Transcribed Image Text:The supply of apples in Canada is made up of Canadian grown apples and imported apples. Initially, Canada engages in free trade in the apple market. Price (dollars per kilogram) 30.00- Then Canada puts an import quota on apples. 25.00- The graph shows the Canadian market for apples when the Canadian S+ quota government puts an import quota on apples. 20.00- Explain who gains and who loses from an import quota and why the losses exceed the gains. 15.00- B D CFE World 10.00- price OC. The government loses from an import quota and producers gain from an import quota but producers gain less than the government loses. A 5.00- D O D. Consumers and producers lose from an import quota and the government gains from an import quota but producers and consumers lose more than the government gains. 0.00- 200 Quantity (thousands of kilograms per year) 400 600 800 1000 1200 The Canadian consumer surplus that redistributed to Canadian producers is and the import quota creates a deadweight loss equal to A. area B; area D +E O B. area B; area C +E O C. area B+C +D+ E; zero O D. area B + C + F; area D O Time Remaining: 00:44:30 Next O 0 O O
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