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The Home country seeks to implement an import quota scheme that guarantees home producers a price 30sp . ii) (30 points) Under this program, provide

The Home country seeks to implement an import quota scheme that guarantees home producers a price 30sp . ii) (30 points) Under this program, provide a graph of world market supply and demand that includes a representation of quota to support domestic market price (10 points). Calculate a) the level of imports (5 points), b) domestic production (5 points), c) domestic consumption (5 points), d) quota amount (5 points). iii) (10 points) Calculate change in Home country producer surplus relative to the open trade free market

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