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assignment In order to protect its domestic suppliers, the government bans sugar imports. What is the new domestic equilibrium price? (2) What is the new

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In order to protect its domestic suppliers, the government bans sugar imports. What is the new domestic equilibrium price? (2) What is the new domestic equilibrium quantity? (2) Suppose that imports are banned and there is a price ceiling for domestic suppliers set at 8. How much excess demand does this yield? (2)

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