30 Price of Com (dollars) P1 Q2 Q4 Quantity (tons of corn) 13. Refer to the figure above. If the world equilibrium price is P1 and a tariff equal to P2 - P1 is imposed on each ton of imported corn, what is the loss to the economy when compared to free trade? a. (P2 - P1)(Q3 - Q2) b. 1/2 ( P 2 - P 1 ) ( Q 2 - Q 1) + 3/2 ( P2 - P 1) (Qs - Q4) c. (P3 - P1) + (Q5 - Q2) d. The welfare loss is zero. e. (P2 - P1) - (Q4 - Q2) Price Q1 Q2 Q3 Q4 Quantity