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Worksheet 9.1: Graphing Quotas Construct your own graph using the data given below for liquor licenses in the town of Budville. Now, Set a quota

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Worksheet 9.1: Graphing Quotas Construct your own graph using the data given below for liquor licenses in the town of Budville. Now, Set a quota at the quantity of 30 liquor licenses per year. Clearly label the quantity demanded and supplied at this quota. Label the deadweight loss. . On the graph, show the "wedge". . Explain the "wedge". Price Quantity demanded Quantity supplied $1,000 90 10 2,000 80 20 3,000 70 30 4.000 60 40 5.000 50 50 6,000 40 60 7,000 30 70 8.000 20 80 9.000 10 90

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