Economics question

nics Homework: Homework 4 Score: 0 of 1 pt 12 of 28 (5 complete) V HW Score: 14.29%, 4 of 28 p 7.3 Review Quiz 5 Question Help The supply of almonds in the United States is made up of U.S. grown almonds and imported almonds. Initially, the United States engages in free trade in the almond 30.00 - Price (dollars per pound) market. Then the United States puts an import quota on almonds. 25.00- S The graph shows the U.S. market for almonds when the U.S. government puts an S +quota import quota on almonds. 20.00- Explain who gains and who loses from an import quota and why the losses exceed the gains. 15.00 Consider the U.S. market for almonds. B D CHE World Choose the correct statement. 10.00- price A. Producers gain from an import quota and consumers lose from an import A quota, but producers gain less than consumers lose. 5.00 D O B. Consumers and producers lose from an import quota and the government gains from an import quota but producers and consumers lose more than 0.00- the government gains. 200 400 600 800 1000 1200 Quantity (thousands of pounds per year) O C. The government loses from an import quota and producers gain from an import quota but producers gain less than the government loses. O D. Consumers gain from an import quota and producers lose from an import quota, but consumers gain less than producers lose. Click to select your answer and then click Check Answer 1 part Clear All remaining