"refer to exhibit 34-12. pw is the price that exists in a free world market. a quota is imposed and imports are q4 - q3. consumers' surplus falls by the area and importers gain revenues equal to the area ."

Based on the scenario been described in the question, referring to exhibit 34-14, it is know that consumers surplus falls by area "A+B" and the important gain revenue equal to the area " C+G"

A code of conduct states the rules, values, rules, ethical principles and vision for your business. Stating a code of conduct in your business environment, and also tells workers what they are expected to do and the standards expectation of their work.

"refer to exhibit 34-12. pw is the price that exists in a free world market. a quota is imposed and imports are q4 - q3. consumers' surplus falls by the area __________ and importers gain revenues equal to the area __________."

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"refer to exhibit 34-12. pw is the price that exists in a free world market. a quota is imposed and imports are q4 - q3. consumers' surplus falls by the area and importers gain revenues equal to the area ."