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-Refer to Exhibit 34-12

Question 124

Multiple Choice

-Refer to Exhibit 34-12.P<sub>W</sub> is the price that exists in a free world market.A quota is imposed and imports are Q<sub>4</sub> - Q<sub>3</sub>.Importers gain revenues equal to the area __________. A) GKL + HIJ B) GCE C) GHJK D) GFEH E) none of the above
-Refer to Exhibit 34-12.PW is the price that exists in a free world market.A quota is imposed and imports are Q4 - Q3.Importers gain revenues equal to the area __________.


A) GKL + HIJ
B) GCE
C) GHJK
D) GFEH
E) none of the above

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