o Analyze a quota system implemented on sugar imports to protect domestic producers. Without the quota, the equilibrium price is $1.50 per pound, with a demand and supply of 1,000,000 pounds. The government sets a quota limiting imports to 900,000 pounds. o Calculate the new price of sugar if the demand price for 900,000 pounds is $2.00, and the quota rent (the difference between the demand and supply price). o Represent the effect of the quota on a graph, showing the original and new equilibrium points, the quota limit, and the area of deadweight loss. would like to know if the dead weight loss is correct along with the graph. Thank you