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1.Referring to the graph above,the quota decreases total surplus by: a.$0 b.$25 c.$50 d.$75 2.Referring to the graph above,the quota increases license holder surplus (profit)by:
1.Referring to the graph above,the quota decreases total surplus by:
a.$0
b.$25
c.$50
d.$75
2.Referring to the graph above,the quota increases license holder surplus (profit)by:
a.$0
b.$25
c.$50
d.$75
3.Referring to the graph above,the quota decreases consumer surplus by:
a.$25, and increases producer surplus by $125
b.$75, and increases producer surplus by $162.50
c.$137.50, and increases producer surplus by $137.50
d.$187.50, and increases producer surplus by $112.50
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