Required: a) calculate how many units of good A will be imported by the country? b) Calculate the domestic quantity supplied after trade c) Calculate the domestic quantity demanded after trade d) If the government limits the number of imports to 100 units of good A, calculate the new price e) Calculate the new domestic quantity supplied after the quota f) Calculate the new domestic quantity demanded after the quota.

Required: a) calculate how many units of good A will be imported by the country? b) Calculate the domestic quantity supplied after trade c) Calculate the domestic quantity demanded after trade d) If the government limits the number of imports to 100 units of good A, calculate the new price e) Calculate the new domestic quantity supplied after the quota f) Calculate the new domestic quantity demanded after the quota.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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