1. The market demand and supply functions for imported cars are: Qd=800,000-5P and Qs=(85/6)P+225,000. The legislature is considering a tariff (a tax on imported goods) equal to $2,000 per unit to aid domestic car manufacturers.

If the tariff is implemented, how many units of cars are imported?

2. The market demand and supply functions for imported cars are: Qd=800,000-5P and Qs=(85/6)P+225,000.The legislature is considering a tariff (a tax on imported goods) equal to $2,000 per unit to aid domestic car manufacturers.

If the tariff is implemented, calculate producer surplus.