Question: l3. (' LO 2, 'l 3) .| Table 13.29 shows the annual demand and supply of cell phones in Canada (in tens of thousands), where

 l3. (' LO 2, 'l 3) .| Table 13.29 shows the

l3. (' LO 2, 'l 3) .| Table 13.29 shows the annual demand and supply of cell phones in Canada (in tens of thousands), where DC is the domestic demand, DW is the demand in the rest of the world, SC is the Canadian supply, and SW is the quantity supplied by manufacturers in the rest of the world. TABLE 13.29 200 180 160 140 120 100 80 60 90 1550 100 1600 a) Complete the total demand (Dr) and total supply (ST) columns. b) What are the world price and quantity? W Price: Quantity: c) If Canada was closed to international trade, what would be the price and quantity in Canada? Price: Quantity: d) If Canada were open to international trade, how much would Canada import from the rest of the world? e) If the Canadian government were to impose a quota and limit the amount of imported cell phones to 90 (tens of thousands), what would be the new price and quantity in Canada? Price: Quantity

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