S D Q (b) Copy and correctly label the diagram to the left indicating the values of (i) the world price, (ii) the quantities supplied and demanded at the world price, (iii) the amount of imports at the world price and (iv) the quota amount. (c) Calculate (i) the increase in the domestic price, (ii) the quota rents, (iii) total deadweight loss and (iv) the gain to domestic rice producers.

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