What will be the new market price of rhubarb

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Suppose that the domestic demand and supply equations for rhubarb are Qd = 60,000 - 400P and QSD = 20,000 + 500P. The foreign supply equation is QSF = 20,000 + 100P. Suppose an import quota of 13,000 tons is imposed in the domestic market. What will be the new market price of rhubarb?

Reference no: EM132428839

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