Consider a small open economy whose domestic supply and demand of dried mangoes is as Follows. Demand: On: 8010P Supply: Qs= 1DP20 where price is in dollars and quantity is in millions of packets. 1.What are the equilibrium price and quantity in autarky? 2. Calculate the values of consumer surplus. producer surplus. and total surplus. 3. Suppose the country opens up to free trade and that the world price of a packet of dried mangoes i 6. a)Does the producer surplus increase, decrease, or stay the same in a free trade equilib-rium? b)What are the values of the consumer surplus and producer surplus under free trade? c)Cou|d a tariff on imports of dried mangoes help protect domestic producers from Eoreign competition in this economy? Please explain