SOcould be better off with the quota than without it.)P(€)|30-20-15-1410-75-511101615quotaSd = domesticsupply= domesticSdqsupply plusquota20 Qprice afterquotaworld priceodi 1531ADd = domesticdemand1882(millions)Figure 14.10: Calculating the effects of an import quota calculate thea change in consumer expenditure,b change in import expenditure,c change in producer revenue,toursloup ofodio quota revenue,o enoilliUnsup!HOUBAe change in foreign producers' quantity ofmobile phone exports to Lineland,of imports, andsioun hogf change in foreign producers' exportrevenues from mobile phone exportsto Lineland,3.519705 083 180gchange in consumer surplus,gn firmh change in producer surplus, andi welfare loss. (You may find it usefulto use a quota diagram to do yourcalculations.)

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could be better off with the quota than without it.) P(E) 30-

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

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Chapter1: Making Economics Decisions

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Question

SO
could be better off with the quota than without it.)
P(€)|
30-
20-
15-
14
10-
7
5-
5
11
10
16
15
quota
Sd = domestic
supply
= domestic
Sdq
supply plus
quota
20 Q
price after
quota
world price
odi 1531A
Dd = domestic
demand
1882
(millions)
Figure 14.10: Calculating the effects of an import quota

calculate the
a change in consumer expenditure,
b change in import expenditure,
c change in producer revenue,
tour
sloup of
odio quota revenue,
o enoilli
Unsup!
HOUBA
e change in foreign producers' quantity of
mobile phone exports to Lineland,
of imports, and
sioun hog
f change in foreign producers' export
revenues from mobile phone exports
to Lineland,
3.5
19705 083 180
g
change in consumer surplus,
gn firm
h change in producer surplus, and
i welfare loss. (You may find it useful
to use a quota diagram to do your
calculations.)

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