[7 + 3*4 = 19]. "Burden of the tariff is shared by producers in the exporting country and consumers in the importing country." The extent or proportionate share of burden, however, depends on their elasticities. Now answer (a) and (b)

1. Suppose the good X's price elasticity of import demand (in absolute term) is 1.5 and that of export supply (in absolute term) is 0.5. Can you calculate the fraction of burden of tariff paid by consumers in the importing country? (expressyour final answer in percentage).