2. The federal government is concerned about foreign demand for cheap domestically- produced rice pushing up the price of rice for domestic consumers. The government is considering three policies to lower the price faced by domestic consumers: (i) a tax firms must pay when they export rice, (ii) a subsidy to domestic consumers when they purchase rice, or (iii) doing both policies together. Suppose the autarky price for rice is $200 per tonne, while the world price is $350 per tonne. The government is considering a tax on exported rice of $50 per tonne. and/or a subsidy to domestic consumption of $50 per tonne. For the remainder of this question, please refer to the diagram below: Rice Imports Supply $ 350 B Q $ 300 C V W $ 250 - - - -L - D H K M $ 200 E L Demand 9d q For each of the following questions, when asked to perform a welfare analysis, please indicate Consumer Surplus (for example) by indicating which areas of the graph cor- responds to Consumer Surplus. For example, you might say "Consumer Surplus = P + Q + R", or "Consumer Surplus = PQR". You must also give a brief explanation for why that area is consumer surplus. Similarly for Producer Surplus, Government Revenue, etc. For case of marking, please try to give the letters in alphabetical order