[Related to Solved Problem 7.4 on page 234] Suppose that the United States currently both produces kumquats and imports them. The U.S. government then decides to restrict international trade in...


[Related to Solved Problem 7.4 on page 234] Suppose


that the United States currently both produces kumquats


and imports them. The U.S. government then decides


to restrict international trade in kumquats by imposing


a quota that allows imports of only 6 million pounds of


kumquats into the United States each year. The following


figure shows the results of imposing the quota.


Fill in the table below using the letters in the figure.



May 26, 2022
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