Problem 9. The domestic demand and supply for cheese in a small open economy are given by QD=802P QS=40+P (a) The world price of cheese is 15. Will the country import or export cheese? How many units? (b) Suppose that there is a worldwide recession and the world price of cheese decreases to 10. Demand and supply in the country stay the same. How does your answer to (a) change? (c) Unhappy about the recent economic developments, the country's govermnent imposes an import quota of 5 units. By how much will the domestic price of cheese increase