Question

56) If we were to measure the effect of the production quota system on consumers by the change in consumer surplus and the effect of the production quota system on producers by the change in revenues received, we can say: A) that consumers are better off and producers are worse off B) that consumers are worse off and producers are better off C) that both consumers and producers are better off D) that both consumers and producers are worse off E) nothing about the effect on consumers and producers without more information