Assume that the domestic demand for a certain product is equal to P = 1000 - 5Q.

Assume further that the domestic supply for the same product is equal to P = 500 + 5Q.

With free trade, the supply curve is horizontal at a price equal to $700.

1. Find the quantity demanded with free trade. ______________

2. Now, assume that the domestic government imposes a tariff of $25 per unit of the product. Find the new equilibrium price and the quantity imported. ___________, ___________.