1.) if the government places a $4 tariff on all foreign produced gizmos, the total domestic production will be ___.

2.) The total number of imported gizmos with a $4 tariff will be _____.

3.) The value of consumer surplus with free world trade would be _____ and the value of consumer surplus in a closed economy would be _____.

4.)The value of producer surplus with free world trade would be _____, and the value of producer surplus in a closed economy would be _____

5.) Will domestic production be greater in a closed or open economy?

6.) What would be the revenue without tax?

7.) At a world price of $2, what will be the total number of imported gizmos?

8.) The domestic supply at $2 is _____.

Calendar X 10.02 International Trad X 5 Graph for International T X 5 7.03 Task 1.pdf X P 703 Trade Barriers and F X Copy of International Tre x + X -> C D @ File | /home/chronos/u-539699f2823bddf66fbfec42f7855a1b3bca06be/MyFiles/Downloads/Graph%20for%20International%20. FA FCS Student Links Youtube download. Unit 2 Whole Unit R.. @ Demand Notes.docx @ Unit 8 Market Struc. Quiz: The Canterbu.. Supply $20 TX $18 $14 $12 ped $ 10- B6 - Pt $4 82 PW Demand Price 0 6 10 15 20 25 30 35 40 45 50(0 Quantity of gizmos Pm- highest price people will pay ( $20 ) Pd- PRice equilibrium ($12 ) Pt- PRice with a takRif / tax (B4 ) Pw - World PRice ($2 ) Qwd - Domestic supply ( what the country has) - 5 Qtd - Where PT + Quantity meet on supply curve - 15 Qd - Quantury Demanded at Equilibrium PRICE - 25 Qt - Where PT . quantity meet on Demand CURVE - 40 Qw - total Quantity People will Buy - 50 O 5 9:36