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Assuming a world price of $3.50 and a quota of 60, calculate the following: Price Q d dom Q s dom Imports orexports Consumersurplus Producersurplus

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Assuming a world price of $3.50 and a quota of 60, calculate the following:

  • Price
  • Qddom
  • Qsdom
  • Imports orexports
  • Consumersurplus
  • Producersurplus
  • Resourcemisallocation
  • Deadweight loss
image text in transcribed
Price Supply 7.00 5.00 3.00 Demand 2.00 1.00 0.50 10 20 30 40 60 80 100 140 Quantity

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