Time Rem : 1 pt 27 of 69 (13 complete) The supply of roses in the United States

Question

Time Rem : 1 pt 27 of 69 (13 complete) The supply of roses in the United States is made up of U.S grown roses and imported roses With no international trade, the price is $30 a bouquet and 300,000 bouquets a year are produced The graph shows the U.S market for roses when the US government puts an import quota on roses The U.S consumer surpkus that is redistributed to U.S producers is and the import quota creates a deadweight loss equal to O A. area B+C+F. area D , area B, area D + E O C. area B area D O D. area B+C+D E. zero O E. area B, area C+ E Type here to search

Explanation / Answer

Option B is correct

The US consumer surplus that is redistributed to US producers is area B and the import quota creates a deadweight loss equal to area D + E

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