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 I represented this chart correctly.