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57, In the free market, what is the equilibrium price and quantity of ammunition a. b. If the government imposes a 200-box quota on

  

57, In the free market, what is the equilibrium price and quantity of ammunition a. b. If the government imposes a 200-box quota on ammunition, what are the new equilibrium price and quantity C. What is the area of consumer surplus before the quota? d. . What is the area of consumer surplus after the quota? e. What is the area of producer surplus before the quota? What is the area of producer surplus after the quota? g. What is the deadweight loss from the quota? Price (S/box ammunition) $20- aota 15- 12 10- 8.52 D 200 300 330 400 500 Quantity of ammunition (boxes/week) 100

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