1. The government is considering imposing an import tariff of 50% per unit on the product. Calculate the new domestic price, quantity demanded, quantity supplied, and the quantity of imports after the imposition of the tariff. Also, analyze the effects of the tariff on consumer surplus, producer surplus, government revenue, and total welfare. 2. Determine the dead weight loss after imposing tariffs and state the reasons for its existence. 3. Alternatively, the government is also considering implementing an import quota of 200 units on the product. Analyze the effects of the quota on consumer surplus, producer surplus, government revenue, and total welfare. 4. Contrast the effects of the import tariff and the import quota