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Assuming the market outcome, and a world price of $6.50 calculate the following: Price Q d dom Q dom Imports or exports Consumer Surplus Producer

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  1. Assuming the market outcome, and a world price of $6.50 calculate the following:
  • Price
  • Qddom
  • Qdom
  • Imports or exports
  • Consumer Surplus
  • Producer Surplus
  • Resource Misallocation
  • 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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