In the accompanying figure, PW is the world price and PW + T is the world price plus a tariff. Identify the following:
(a) The level of imports at PW
(b) The level of imports at PW + T
(c) The loss in consumer€™s surplus as a result of a tariff;
(d) The gain in producers' surplus as a result of a tariff;
(e) The revenue received as a result of a tariff;
(f) The net loss to society as a result of a tariff;
(g) The net benefit to society of moving from a tariff to no-tariff.

Transcribed Image Text:

Price Sus Pw + 가-- 3 4 6 Pw 7 iDus 01 Q34 2 Qantity