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Impact of import quotas on prices

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Reference no: EM131480070

In this assignment, you will be completing a quantitative analysis. It should be 2 to 3 pages in length (not including title page and reference page) and written in APA style. Be sure to use scholarly references to support your arguments.

Part A: Answer both questions using a chart and quantitative explanations, as well as written arguments.

Part B review cases in PART B OF ATTACHED Follow the explanations and the charts. Instead of using letter symbols in the chart, use actual numbers. For example: Instead of using world Price Pw use real numbers, such as $10.

Specifically, your analysis should include:  

1) A description of the impact of import quotas on prices, quantities supplied, and quantities demanded (part A question 1 of attachment)

2) A description of the impact of import quotas on consumer (part A question 1 of attachment)

3) A description of the effect of a complete trade ban on a country (part A question 2 of attachment)

4) A visual graph depicting scenarios 1 and 3; base your answer on the charts in part B. Create the charts using actual numbers.

Reference no: EM131480070

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