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Question: illustrate graphically the economic effects of an export subsidy of...

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Illustrate graphically the economic effects of an export subsidy of 15% if the world price is 90. Compute the producer surplus. Numbers 8-10 please.
Price of Jet (millions Quantity of jets demanded Quantity of jets supplied 140 120 110 100 90 80 70 60 50 40 1200 1000 900 800 700 600 500 400 300 200 100 150 200 250 300 350 400 450 500 600 20 Draw the market supply and demand curves. What are the equilibrium price and equilibrium quantity-AA oua 1. 40
B. Illustrate graphically the economic effects of an export subsidy of 15% if the world price is $90. Compute the producer surplus. The government decides to give a subsidy of $15 to the import competing industries. By how much producer surplus will increase. Illustrate your answer with a graph. 9. 10. List three arguments in favor of protectionist policies and discuss their shortcomings.
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