8. Diagram below shows domestic U.S. supply and demand for oranges. World price is at $0.30. (10 points) Price of Domestic orange supply $0.70 Domestic market price World price + Tariff 0.50 World price 0.30 Domestic . demand O 12 16 Quantity of oranges (thousands) a. With free trade, how many oranges will the United States import or export? 12,000 oranges Suppose that the L.S. government imposes a tariff on oranges of $0.20 per orange. b. How many oranges will the United States import or export after introduction of the tariff? 6,000 c. At $0.50 price how much would government collect in tariff revenue on the number of oranges imported? $ d. With free trade, how many oranges will American consumers demand? e. With free trade, how many oranges will American farmers supply