Question

Figure 9-3

Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
Refer to Figure 9-3. With a quota in place, what is the quantity consumed in the domestic market?
A) 10 million pounds
B) 28 million pounds
C) 34 million pounds
D) 40 million pounds

Answer

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