Case study about Quantitative Analysis

  • ·         A description of the impact of import quotas on prices, quantities supplied, and quantities demanded—Problem 7-1.
  • ·          A description of the impact of import quotas on consumers—Problem 7-1. 
  • ·          A description of the effect of a complete trade ban on a country—Problem 7-8.
  • ·          A visual graph depicting scenarios 1 and 3; base your answer on the 7.2.1 and 7.2.2 charts. Create the charts using actual numbers.  
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