A A small country imports shoes with free trade at the world price of 530.00 per pair, the country's national market has the following data Domestic production 400 million pounds per year 1000 million pounds per year Domestic consumption The country's government now decides to impose a tariff of $10.00 per pair of shoes. After the imposition of tariff, domestic production rises to 600 million pounds per year and domestic consumption falls to 800 million pounds per year Calculate how much domestic producers gain or lose from the triff is terms of both change in production and producer surplus Calculate tarif revenue government imposes an equivalent quota on import of shoes that raises the price of shoes by $10.00. are the effects similar to tarit? Explains who gains and who loves from quota Show the change in consumer surplus and producer surplus from quota B Discuss wo economic reasons for and two arguments against protection