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# If demand for toys is QD = 500 - 10P and supply is Qs = 100 + 10P, answer the following questions using calculus:

1. If demand for toys is QD = 500 - 10P and supply is Qs = 100 + 10P, answer the following questions using calculus:
2. If the government imposes a production quota of 200 on toys, calculate the ΔCS, ΔPS, and DWL from the production quota.
3. If the government imposes a restriction that price per toy cannot exceed \$15, calculate the ΔCS, ΔPS, and DWL from the price ceiling.
4. If the government imposes a restriction that price per toy cannot be lower than \$18, calculate the ΔCS, ΔPS, and DWL from the price floor.
5. If the country initially freely trades with the rest of the world in toys at the world price of \$10 but the government decides to impose of a tariff of \$5 on toy imports, calculate the ΔCS, ΔPS, and DWL from the import tariff.

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