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Consider a world consisting of two countries, Ghana and Canada. Suppose the domestic demand and-supply curves for bicycle in Ghana are given by the following

Consider a world consisting of two countries, Ghana and Canada. Suppose the domestic demand and-supply curves for bicycle in Ghana are given by the following equations:

Demand: P = 80 - 2Q

Supply: P =5 + 3Q

e.) a quota of 10 bicycles is imposed, what will be the domestic price of bicycles? What will be the domestic demand and supply of bicycles?

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