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Business, 11.03.2020 04:35 ahmedislife

Quota in a small country Suppose a small country imposes a quota that reduces imports of a good by 50 units and raises the price by $5. Assuming linear supply and demand curves, the net welfare loss is.

A. $250.
B. $125.
C. $0.
D. -$125.

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Quota in a small country Suppose a small country imposes a quota that reduces imports of a good by 5...

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