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wo Market pr ice, $ X foreign export supp ly 8 20 32 3840 e. f. g. The United States is the second largest importer of coffee bea2B Assume the U .S_ coffee market is at no trade equilthrium uhen price is equal to S I I , and due quantity of coffee is equal to 28 _ a. b. c. d. Calculate the US. consumer surplus under fre trade when the world price of coffee if $6.00. Calculate the US. producer surplus under fre trade when the world price of coffee if $6.00... Suppose ffe U.S. decides to impose a tariff on coffee of S4_ This changes the price of coffee in due C.S. market and the quant10' of coffee imported into the country. ft also pushes the world price of coffee doun to Determine the new price and import quantity of coffee m the U. S. aner the tariff is imposed. Calculate the U.S. consumer surplus under the tariff Calculate the U.S. producer surplus under the tariff What is the effect of the tariff on ffe net welfare of the US. ? How does the total welHre of the S. under ffe tariff compare to the total welftre of the US. under free trade? Comment on the difference in the net welre under the tariff and free trade. Did the U. S _ gain or lose from imposing a tariff on coffee? What did the gaitwloss depend on? Could the country have a different outcome? If yes, how? Select a food label. Outlme the good: die bad, and the ugly impacts ofthe selected specific label. Conduct research to provide specific examples ofthe good, the bad, and due ugly Impacts of this