20 21 2 points Suppose a domestically produced motor bicycle sells at a world price of $20,000 under unrestricted trade. The domestic producer uses $5000 worth of imported inputs. Suppose now that the 10 percent tariff on finished motor bicycles is accompanied by a 5 percent tariff on imported components used in the domestic production of motor bicycles. [Note for all questions: you need to write numbers in your answers, so you would write 10% as 0.10] [Round your answer to 3 decimal places where appropriate] What is the value of the new ERP? Type your answer... 2 points Suppose a domestically produced motor bicycle sells at a world price of $20,000 under unrestricted trade. The domestic producer uses $5000 worth of imported inputs. Suppose a 10 percent ad valorem (on the value) tariff is imposed on the imported motor bicycle. [Note for all questions: you need to write numbers in your answers, so you would write 10% as 0.10] [Round your answer to 3 decimal places where appropriate] What is the domestic price of the imported motor bicycle? Type your answer...