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Based on the information in the accompanying graph, the clear winners from the quota are the , and the losers are the 175 Domestic supply
Based on the information in the accompanying graph, the clear winners from the quota are the , and the losers are the 175 Domestic supply Domestic supply 150 plus quota 137.50 125 100 - - World Price of TVs ($) price 75 50 Domestic demand 25 20 40 60 70 80 100 120 140 160 Quantity of TVs (thousands) Multiple Choice domestic producers; domestic consumers O importers; domestic producers O government; domestic consumers O domestic consumers; domestic producers
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