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Need help with #9 please.
vrs Quantity of jets demanded 0 100 Price of Jet (millions) Quantity of jets supplied 140 120 110 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 100 90 80 70 60 50 40 20
7. Instead of a tariff the government imposes a quota of 80% of the amount of imported good, illustrate graphically the different economic effect of the quota and compute the loss of consumer surplus.i Da 55- 120 price o 40 too 8. Illustrate graphically the economic effects of an export subsidy of 15% if the world price is 560 $90. Compute the producer surplus. P 153.5 Q4oo n on on poblem # The government decides to give a subsidy of $15 to the import competing industries. By how much producer surplus will increase. Illustrate your answer with a graph. 9. toctinnist nolicies and discuss their shortcomings.
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