There has been substantial discussion about the lack of fire provinces the news article about the boor policy in Alberta is one example of this case Figare illustrates the market for beer in Alberta (beer is one of the products affected by a pencil tak hurrier. The demand curve Dils the demand for beer in Alberta while the supply cone Seppy curve for boer in Alberta by Alberta producers. The curve 5+ Imports is the fire in Alberta when imports we wwlable fic, when there are to trade hurtiers in place where burties are in place. imports are not available and the supply curve Note: The impact of the bor policy described in the newspanice does not have the effect of blocking all trade in ber. However, by examining the betrages becked, the general impact of the beer policy can be determined Figure 1: Market for Alberta Beer and the prof. Paxincial Trade Burier What is the equilibrium price of beer in Alberta if the made haren are not in place? What is the quantity sold? Explain your reasoning 2. What is the conomic well-being of Alberta common in the absence of trade barriers. What is the comic well-being of Alberta beer product of beer producers outside of Alberta le your anwer, please refer to the relevant was in Figure 3. What is the equilibrium price of beer in Albanaithe albums are in place? What is the quantity sold? Explain your reasoning 4. What is the economic well-being of Alberta comes in the presence of trade barriers? What is the cconomic well-being of Alberta beer producers or beer producers outside of Alberta!! What changes occur in economic well-being as of the trade barriers in your answers, please refer to the relevant areas in Figure 1. 5. Trade barriers between provinces in Canada and bence the country was founded in 1876. Given the malysis above, give en sy is so difficult to remove the trade barriers between the provinces There has been substantial discussion about the lack of free trade among provinces, the news article about the beer policy in Alberta is one example of this discussion Figure 1 illustrates the market for beer in Alberta (beer is one of the products affected by a provincial trade barrier). The demand curve De is the demand for beer in Alberta, while the supply curve S is the supply curve for beer in Alberta by Alberta producers. The curve Sa+Imports is the supply for beer in Alberta when imports are available (e, when there are to trade barriers in place. However, when trade barriers are in place. imports are not available and the supply curveis S Note: The impact of the beer policy described in the newspaper article des not have the effect of blacking all trade in beer. However, by examining the case where trade is blocked, the general impact of the beer poley can be determined. Figure 1: Market for Alberta Beer nad the impact of a Provincial Trade Barber 1. What is the equilibrium price of beer in Alberta if the trade barriers are not in place? What is the quantity sold? Explain your reasoning. 2. What is the sconomic well-being of Alberta consumers in the absence of trade barriers? What is the cconomic well-being of Alberta beer producers of beer producers outside of Alberta! In your answers, please refer to the relevant areas in Figure 1. 3. What is the equilibrium price of beer in Alberta i the trade barriers are in place? What is the quantity sold? Explain your reasoning. 4. What is the economic well-being of Alberta consumers in the presence of trade barriers? What is the economic well-being of Alberta beer producers? Or beer producers outside of Alberta? What changes occur in economic well-being as a result of the trade barriers? In your answers please refer to the relevant areas in Figure 1. There has been substantial discussion about the lack of fire provinces the news article about the boor policy in Alberta is one example of this case Figare illustrates the market for beer in Alberta (beer is one of the products affected by a pencil tak hurrier. The demand curve Dils the demand for beer in Alberta while the supply cone Seppy curve for boer in Alberta by Alberta producers. The curve 5+ Imports is the fire in Alberta when imports we wwlable fic, when there are to trade hurtiers in place where burties are in place. imports are not available and the supply curve Note: The impact of the bor policy described in the newspanice does not have the effect of blocking all trade in ber. However, by examining the betrages becked, the general impact of the beer policy can be determined Figure 1: Market for Alberta Beer and the prof. Paxincial Trade Burier What is the equilibrium price of beer in Alberta if the made haren are not in place? What is the quantity sold? Explain your reasoning 2. What is the conomic well-being of Alberta common in the absence of trade barriers. What is the comic well-being of Alberta beer product of beer producers outside of Alberta le your anwer, please refer to the relevant was in Figure 3. What is the equilibrium price of beer in Albanaithe albums are in place? What is the quantity sold? Explain your reasoning 4. What is the economic well-being of Alberta comes in the presence of trade barriers? What is the cconomic well-being of Alberta beer producers or beer producers outside of Alberta!! What changes occur in economic well-being as of the trade barriers in your answers, please refer to the relevant areas in Figure 1. 5. Trade barriers between provinces in Canada and bence the country was founded in 1876. Given the malysis above, give en sy is so difficult to remove the trade barriers between the provinces There has been substantial discussion about the lack of free trade among provinces, the news article about the beer policy in Alberta is one example of this discussion Figure 1 illustrates the market for beer in Alberta (beer is one of the products affected by a provincial trade barrier). The demand curve De is the demand for beer in Alberta, while the supply curve S is the supply curve for beer in Alberta by Alberta producers. The curve Sa+Imports is the supply for beer in Alberta when imports are available (e, when there are to trade barriers in place. However, when trade barriers are in place. imports are not available and the supply curveis S Note: The impact of the beer policy described in the newspaper article des not have the effect of blacking all trade in beer. However, by examining the case where trade is blocked, the general impact of the beer poley can be determined. Figure 1: Market for Alberta Beer nad the impact of a Provincial Trade Barber 1. What is the equilibrium price of beer in Alberta if the trade barriers are not in place? What is the quantity sold? Explain your reasoning. 2. What is the sconomic well-being of Alberta consumers in the absence of trade barriers? What is the cconomic well-being of Alberta beer producers of beer producers outside of Alberta! In your answers, please refer to the relevant areas in Figure 1. 3. What is the equilibrium price of beer in Alberta i the trade barriers are in place? What is the quantity sold? Explain your reasoning. 4. What is the economic well-being of Alberta consumers in the presence of trade barriers? What is the economic well-being of Alberta beer producers? Or beer producers outside of Alberta? What changes occur in economic well-being as a result of the trade barriers? In your answers please refer to the relevant areas in Figure 1