To reduce imports, suppose that the government of Norways imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norways consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

A. increase, increase

B. decrease, decrease

C. decrease, increase

D. increase, decrease

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.