Suppose that U.S. lumber companies are successful in ending current limits on the amount of trees that

Question:

Suppose that U.S. lumber companies are successful in ending current limits on the amount of trees that can be harvested in our national forests. Using supply and demand diagrams, show the impact on equilibrium price and quantity in:

a) the lumber market.

b) the new housing market.

c) the carpet market.

d) the wood stain/varnish market.

e) the lumberjack labor market.

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