Suppose the Australian government imposes a limit on the quantity - recall this is called a quota - of houses that can be produced that is less than the competitive market output. Using a supply and demand diagram, do welfare analysis to show how much better off or worse off Australian consumers, producers and Australia as whole are when the housing quota is imposed as compared to the competitive equilibrium. (Assume no externalities). You may find it helpful to assign letters (A, B, C, etc) to refer to areas on your diagram.