1. Draw a domestic supply and demand diagram for a product in which the United States does not have a comparative advantage. 3. What impact do foreign imports have on domestic price and quantity? b. On your diagram show a protective tariff that eliminates approximately onehalf of the assumed imports. c. What are the price-quantity effects (increase, decrease or stay the same) of this tariff on domestic consumers? d. What are the pricequantity effects (increase, decrease or stay the same) of this tariff on domestic producers? e. What are the price-quantity effects (increase, decrease or stay the same) of this tariff on foreign exporters