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The market for computer in Costa Rica can be summarized by the following demand and supply equations Demand: Od - 3,000 -0

Economics Dec 17, 2020

The market for computer in Costa Rica can be summarized by the following demand and supply equations Demand: Od - 3,000 -0.5 Po Supply: Os 1,000+0.5 Pe a). For a closed economy calculate the equilibrium price and quantity Equilibrium Prion Equilibrium Quantity b) If the world price for a computer is $1,500, calculate the quantity demanded and quantity supplied for an open economy. How many computers would Costa Rica import from other countries 6 Quantity Demanded Quantity Supplied Number of Computers Imported c). In order to protect domestic computer manufacturers, the government of Costa Rica decided to impose a $300 tariff on any computer imported, please find the new quantity demanded and quantity supplied Quantity Demanded with tarif:
b). If the world price for a computer is $1,500, calculate the quantity demanded and quantity supplied for an open economy. How many computers would Costa Rica import from other countries Quantity Demanded Quantity Supplied Number of Computers Imported c). In order to protect domestic computer manufacturers, the government of Costa Rica decided to impose a $300 tariff on any computer Imported, please find the new quantity demanded and quantity supplied. Quantity Demanded with tari: Quantity Supplied with tarif d). W instead of imposing a tariff, the government of Costa Rica decided to implement a Quota on the number of computers imported. What would be the new puantity demanded and quantity supplied if the quota is 300 computers. Quantity Demanded with quota Quantity Supplied with quota

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