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Question: in the attached graph for a hypothetical country sugarland the...

Question details

In the attached graph for a hypothetical country Sugarland, the producer surplus is smallest under which of the following three solutions?
xid-17310368_1

a.

Autarky solution

b.

Quota solution

c.

Free trade solution

d.

Both (a) and (b) above

e.

Same in all three solutions

In the attached graph for a hypothetical country Sugarland, what is the estimated value of consumer surplus under quota solution as shown by price Pq?
xid-17310095_1

a.

$1,000.00 million

b.

$1562.50 million

c.

$2,250.00 million

d.

$562.50 million

e.

$250.00 million

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