The market demand and supply functions for imported beer are: Q_D = 48,000 - 406.25P and
Q_S = 1,781.25P - 22,000. To encourage the consumption of domestic beer, Congress has imposed a quota of 25,000 units of imported beer. Calculate the change in producer surplus from this legislation.

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The Answer of The market demand and supply functions for imported beer are: Q_D = 48,000 - 406.25P and Q_S = 1,781.25P - 22,000. To encourage the consumption of domestic beer, Congress has imposed a quota of 25,000 units of imported beer. Calculate the change in producer surplus from this legislation.

The Market Demand and Supply Functions for Imported Beer Are