Free Trade and Trade Protection (id: eb0858d45)

本题目来源于试卷: Free Trade and Trade Protection，类别为 IB经济学

[单选题]

Using the quota diagram above, calculate the change in foreign producer revenue after imposing the quota.

A. -$350000
B. $350000
C. -$900000
D. $900000


参考答案:  A


本题详细解析:

A

$\underset{‾}{\text{Explanation}}$:
Foreign producer revenue:

$$ $=quantityofimports\times priceperunit$

Pre-quota:

$$ $200000units\times \text{ \$}$4 = $\text{\$}800000$

Post-quota:

$$ $75000units\times \text{ \$}6=\text{ \$}450000$

Change in foreign producer revenue = $\text{\$}450000-\text{\$}800000=-\text{\$}350000$

Choices B, C, and D are incorrect because they mix either the pre-quota and post-quota price or quantity.

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