9. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Panama. The world price {Pw} of maize is $2?!) per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also: assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the graph input tool to help you answer the following questions. You will not he graded on any changes you make to this graph. Note: Dnce you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Maize in Panama Supply 430 Price {Dollars per ton] Domestic Demand [Thousands of tons of maize] SD Domestic Supply - 2:111] Thousands of tons of maize] - PRICE [Dollars per ton] Demand El 31] St] St} 121] 15G 1543 21E] 240 Eff} SIDE} QUANTITY [Thousands of tons of maize] If Panama is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the Panamanian government wants to reduce imports to exactly Sfllflf} tons of maize to help domestic producers. A tariff of $ per ton will achieve this. A tariff set at this level would raise S in revenue for the Panamanian government