According to the above data of Figure A, an import quota of 36 units, what will be the loss of efficiency that will occur? A. -9936. B. 3888. C. -2916. D. -1200. P 450 300 228 quota a b C d 120 20 20 Domestic Supply Domestic Supply + Import Quota 38 50 74 110 Domestic Demand World Price Q

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Question
According to the above data of Figure A, an import quota of 36 units, what will be the loss of efficiency that will occur?
A. -9936.
B. 3888.
C. -2916.
D. -1200.
P
450
300
228
quota
a
b
C
d
120
20
20
Domestic Supply
Domestic Supply
+ Import Quota
38
50
74
110
Domestic Demand
World Price
Q
Transcribed Image Text:According to the above data of Figure A, an import quota of 36 units, what will be the loss of efficiency that will occur? A. -9936. B. 3888. C. -2916. D. -1200. P 450 300 228 quota a b C d 120 20 20 Domestic Supply Domestic Supply + Import Quota 38 50 74 110 Domestic Demand World Price Q
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