The market for rice in a small, open economy is illustrated in gure 2, provided with this exam. Assume throughout that an embargo is applied against imports of rice, which might otherwise undermine the domestic policies. In gure 2, SD is the supply (and marginal cost) curve, DD is the demand curve, and the world market price is PW. Use the labels for prices, quantities, and welfare areas on figure 2 to answer the following questions. 1. (15 points) Suppose the government introduces a domestic rice marketing quota equal to 01, with the quota rights given to domestic producers. Complete row 1 of table 2 to show the effects of introducing the quota policy on quantities. prices, and economic welfare areas {include quota rent as an element of producer surplus: show the net producer price. the setting price minus quota rent, in cases where quota rent applies}. 2. (15 points) Alternatively, suppose the government xes the domestic price for rice at P9 per unit, and pays producers a pooled price given by the weighted average of the domestic and export prices. The pooled price line (representing average revenue associated with PD) is shown as ARF-GOL in gure 2. Complete row 2 of table 2 to show the effects of introducing the price discrimination and pooling policy on quantities, prices, and economic welfare areas. 3. (15 points) Alternatively, suppose the government introduces a minimum price for rice equal to Pp per unit, supported by deciency payments. Complete row 3 of table 2 to show the effects of introducing the policy on quantities, prices, and economic welfare areas