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1. suppose the government allows imports of leather footwear into the united states. what will be the quantity of imports2. suppose the government allows imports

1. suppose the government allows imports of leather footwear into the united states. what will be the quantity of imports2. suppose the government allows imports of leather footwear into the united states. the market price falls to $18. what is the value of domestic producer surplus3. suppose the government allows imports of leather footwear into the united states. the market price falls to $18. what is the value of consumer surplus.

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Figure 9-1 Price $50 U.S. Supply 24 World price 18 10 U.S. Demand 10 15 20 Quantity of leather footwear

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