Import car market in equilibrium before restricts it

While the import car market is in equilibrium before the government restricts car imports to Q₁, the price which buyers will pay for an import as: (1) falls from P₀ to P₁. (2) is stable, although dealer profits fall by Q₀ to Q₁. (3) rises from P₀ to P₂. (4) shows a subsidy wedge of P₂ to P₁.

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