Question: The supply function and demand function of a certain agricultural product are as follows: S = 2 p - 4 0 D = - 2
The supply function and demand function of a certain agricultural product are as follows: is the unit price. Let's assume that the home country is a small country. The international price of the product is The government then decides to impose restrictions on the import quantity of this product and the limited amount is see the graph In an open economy situation, when please calculate the consumer surplus of this country.
Question continued Please calculate the producer surplus of this country.
Question continued Please calculate the total surplus of this country.
Question continued Please calculate the deadweight loss of this country.
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