The graph I have attached is the one I am suppose to use.

Part C: Applications/Problems_130 marks] (a) (b) (c) Welfare effects of an export marks) This question applies to the welfare effects of an export quota that is examined in Exploring Further 5.2, which can be found in Suppose, Ecuador, a "small nation" unable to affect world prices has the following demand and supply curves for computers: Demand (DE): P = 2,000 200 Supply (SE): P = 200 + 20Q Graph Ecuador's demand and supply for computers (You can use the attached blank PowerPoint graph) and determine autarky price and quantity. (3 marks) Assume that Hong Kong and Taiwan can supply computers to Ecuador at a per unit price of $300 and $500, respectively. Graphically illustrate these two supply curves (SHK and S ) and with free trade, indicate how many computers Ecuador produces, and imports from Hong Kong and Taiwan. (4 marks) Suppose Ecuador and Hong Kong negotiate a voluntary export agreement in which Hong Kong imposes on its exporters a quota that limits shipments to Ecuador to 40 computers. Assume Taiwan does not take advantage of the situation by exporting computers to Ecuador. Graphically illustrate this supply curve for Ecuador (SE+Q=). (2 marks) 7