Draw a graph to illustrate the effects of the import quota. On the graph, identify the the

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Draw a graph to illustrate the effects of the import quota. On the graph, identify the the importers’ profit.


Wholesalers buy and sell roses in containers that hold 120 stems. The table provides data about the wholesale market for roses in North America. The demand schedule is the wholesalers’ demand and the supply schedule is the North American rose growers’ supply.

Wholesalers can buy roses at auction in Aalsmeer, Holland, for $125 per container.

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