Figure: Market for Calculators Price of calculators 300 150 100 PW 50 35 50 60 Quantity of calculators The accompanying figure shows the domestic supply and demand curves for calculators. The world price, Pw, equals $100. The government imposes a quota restricting imports to 25 calculators. If the import licenses are granted to foreigners, the net loss due to the import quota is equal to areas: OK + L. O G +J. O G + H + 1 +J. O G + H + 1 + J +K+L