1 3000 tons of rice are imported in country A per year. Country A also produces 2000 tons of rice per year. The world price of rice is $750/ton. Assuming linear schedules, economists estimate the price elasticity of domestic supply to be 0.15 and the price elasticity of domestic demand to be 0.10 at the current equilibrium. Country A imposes an import fee of 150$ per ton on imported price. This imposition of import fee involves annual administrative cost of $450,000. Assume that the world price will not change as a result of the country imposing the import fee, but that the domestic price will increase by $150 per ton. Also assume that only producers, consumers, and taxpayers within the country have standing. a) How many tons of rice would country A consume after the imposition of import fee b) How many tons of rice would country A domestically produce after the imposition of import fee c) How many tons of rice would country A need to import after the imposition of import fee d) Then estimate the annual social net benefits of the import fee. Assume that the decline in the country's demand for imports have reduced the world price of rice from $750/ton to $680/ton, and thus the after-tax domestic price is $680+$150 per ton, a net increase in domestic price of $4 per ton e) How many tons of rice would country A consume after the imposition of import fee f) How many tons of rice would country A domestically produce after the imposition of import fee g) How many tons of rice would country A need to import after the imposition of import fee h) Then estimate the annual social net benefits of the import fee