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a large country importing desk chairs with free trade at a world price of $60. a quota of 1.6 million is implemented, which raises the domestic price with quota to $63. with the quota in place, this large country can now import desk chairs at a price of $58. domestic supply with the quota is 1.1 million and domestic demand with the quota is 2.7 million. before the quota was implemented, domestic supply was 1 million and domestic demand was 3 million. the quota on desk chairs will cause domestic producers to gain:
a. 1.83 million
b.3.15 million
c.4.25 million
d.3 million

Sagot :

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