Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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