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............ 10 pts Question 23 Wholesalers of roses buy and sell roses in containers; a container holds certain amount of stems. The annual demand and

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10 pts Question 23 Wholesalers of roses buy and sell roses in containers; a container holds certain amount of stems. The annual demand and supply functions of roses in wholesale market in a North American country can be represented as follows (price is expressed in dollars per container, while quantity expressed in millions of containers per year). Demand: P = 240- 5Q Supply. P = 120 + 10Q World price is $160/container. al If the country allows free trade with the world, how much will the country import? b) By how much will the country's total surplus (TS) be increased due to the free trade? If the government of the country imposes import quota of 4 million containers per year, " what will be the price paid by the country's consumers and the amount purchased by the consumers? ") how much is the importers' profit? in) in comparison to the free trade, what is the amount of dead-weight loss due to the quota? Edit View Insert Format Tools Table 12 pt v Paragraph B I U A v Q V T' v Q V E Y DV

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