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

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter35: International Trade Restrictions
Section: Chapter Questions
Problem 3E
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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
Transcribed Image Text: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.)
Transcribed Image Text: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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