Sectional Test Demand & Supply Suppose the world price of concentrated orange juice is $5.00 per litre and suppliers in Dominica can buy all the juice it wants at this price. Suppose further that the demand and supply schedules for concentrated orange juice in Dominica is as follows. 1. Given the schedule above, construct the supply & demand curves for Dominica. (7 marks) 2. With free trade, what price will Dominicans pay per litre of concentrated orange juice? (1 mark) 3. Calculate the producer and consumer surplus at world price. (4 marks) 4. If market price is equilibrium price, calculate consumer surplus. (2 marks) 5. If producers supply only 10,000 Ls at $6.00 per unit, calculate the deadweight loss and producer surplus. (4 marks) 6. Suppose also the producers supply 16,000 Ls at $6.00 per unit, calculate the deadweight loss. (2 marks)