Business, 04.11.2021 21:20 fhishy11

Please help Open economy with supply curve (P = 6 + Q) and demand curve (P = 56 – 4Q) World price is 8 (Pw = 8)
a) Calculate CS, PS and import quantity at Pw

b) Government imposes specific tax equals to 4 (t = 4). Calculate new CS, new PS, government revenue and deadweight loss.

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Please help Open economy with supply curve (P = 6 + Q) and demand curve (P = 56 – 4Q) World price...