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Nelll) = e = o felow is a graph of the market for sugar in the Canada. (assume Canada is a small country) The World

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Nelll) = e = o felow is a graph of the market for sugar in the Canada. (assume Canada is a small country) The World Price of Sugar is 1, USE ONLY NUMBERS ON THE GRAPH 35. How much sugar is imported with free trade? 36. If a quota of 2 is placed on sugar imports what is the new price? 37. What is the value of the windfall profits created with the quota? 38. On the graph SHADE the dead weight loss created by the quota. a. Free Trade Area d. Monetary Union b. Common Market e. Economic Union c. Customs Union 39. As far as regional Trade Agreements: Just having no tariff between members is an example of a

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