3. Suppose that the domestic demand for TV sets is described by Q = 500 - 18P, and the supply given by Q = 12P - 100. TVs can currently freely imported at the world price of $15. (a) How much is the domestic demand? How much of that will be imported? (b) How much is the loss in producer surplus due to imports? (c) How much is the deadweight loss if the government imposes a tariff of $5? (d) President Trump claims that a tariff is good for the American economy, because the tariff is like free money paid by foreign producers. Evaluate his claim in no more than three short sentences (it is not worth commenting more)