iH= '0 i Bhgcengagecom Oi ii E1 i ii] ol: (ENGAGE I MINDTAP Q Search this course 0 Assignment 2 a . Import quotas Kazakhstan Is an apple producer as well as an Importer of apples. Suppose this graph shows Kazakhstan's domestic market for apples, where S is the supply curve and D Is the demand curve. The free trade world price of apples (PW) ls $140 per tonne. Suppose Kazakhstan's government restricts imports of apples to 20,000 tonnes, The world price of apples Is not affected by the quota. Use the black line (plus symbol) to indicate the price of apples in Kazakhstan wiHr the quota. Next, select and drag shaded regions from the palette to the graph. To resize the shaded regions, select one of the points and move it to the desired position. Use the purple pains (diamond symbols) to shade the area that represens the effect of the quota on producer surplus (PS). Use the beige points (rectangle symbols) to shade the area that represents the change in foreign producer revenuet Lastly, use the black paints (plus symbuls) to shade the area, or areas, representing the deadweight lass (DWL) that results from the quota, None: Select and drag shaded regions from the palette to the gmph. To resize the shaded regions, select one of the points and move It to the desired position. 200 + 190 11m Pricewllhouote 110 s D m E e 160 Change in PS X .3 I 3 P o w 501' 1'\" Change In Foreign Producer Revenue 5 H 121) DWL 110 100 omzowwsowmeoaamn QUANTITY (Thousands of tonnes) Grade It Now Save & Continue