the nation of Enuiya is quot;smallquot;, unable to affect world prices. Its imports peanuts at the price of $10 per bag. The demand curve is: D =…

D = 800 -20PS = 100 + 10PDetermine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 100 bags. a. the increase in domestic priceb. The quota rentsc. The consumption distortion lossd. The production loss

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