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  • 16-03-2024
  • Business
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The market demand and supply functions for imported beer are:
Qd = 48,000 – 406.25P and Qs = 1,781.25P – 22,000.
To encourage the consumption of domestic beer, Parliament has imposed a
quota of 25,000 units of imported beer. Calculate the change in producer
surplus from this legislation.

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