Assume that in South Africa the demand and supply for Gnarly-Arial-Grommet-Surfboards (GAGS) are given by: =1202 =. Also assume that the world supply for GAGS is given by: = 10+1/2.

a. Now assume that South Africa puts an import tariff of $5 per GAGS into place. How many GAGS are produced domestically after the import tariff is put into place?

b. Under the free trade scenario, how many GAGS will be produced in South Africa?

c. Now assume that South Africa puts an import tariff of $5 per GAGS into place. What is the total social welfare after the import tariff is put into place?

d. Now assume that South Africa wanted to reduce the amount of GAGS imported to 0 in order to protect domestic producers. (Ignore the import tariff of $5 per unit from the previous parts of this question block) What is the minimum amount of the per unit tariff they would need ot implement in order to ensure this?