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Canadian demand for strawberries is given by D = 16000 - 2000p and the supply by domestic producers is given by S = 2000p -
Canadian demand for strawberries is given by D = 16000 - 2000p and the supply by domestic producers is given by S = 2000p - 4000. Canada imports strawberries. The world price is only p = 3. Next month the Minister of Finance will introduce an import quota of 4,000 units in this market. The price of strawberries will rise to ?
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