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answer the following: Part I: Algebra of Supply and Demand: Solve what is asked for and draw the corresponding graphs Draw graph for items: 1-17

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Part I: Algebra of Supply and Demand: Solve what is asked for and draw the corresponding graphs Draw graph for items: 1-17 A. Demand: P = 8850-30; Supply: P = 2500 +40 1. eQ 2. ep 3. CS 4. PS 5. TB Import price is P 3000 6. Qd with pw 7. Qs with pw 8. Import Import Quota 350 units 9. eQdq 10.ePq 11. Total domestic consumption 12. Increase in PS after Quota (PSq1) 13. PSq2 14. PSq3 15. Total increase i PS 16. Import after Quota 17. Total decrease in CS Subsidy P500 Draw graph for items: 18-23 18. ep 19. eQ 20. Ps 21. Producer's Revenue 22. Cost to Taxpayer 23. Total Welfare Loss back

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