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The Table Below Shows Data for the Widget Market

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The table below shows data for the widget market. Graph the supply and demand curves. Suppose the world price of widgets is $100 and there is free trade. What would happen to the price for widgets if the government imposes a quota of 30 units? The table below shows data for the widget market. Graph the supply and demand curves. Suppose the world price of widgets is $100 and there is free trade. What would happen to the price for widgets if the government imposes a quota of 30 units?

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The graph is shown below. The domestic e...

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