Consider the market for sneakers. The domestic demand equation is given by P = 14 - 2 , and the domestic supply equation is given by P = Q - 10. The resulting no-trade equilibrium quantity is and price is Suppose the world supply equation is P = 9. The resulting equilibrium price will be the total quantity of sneakers purchased is the quantity of sneakers produced domestically is and the quantity of sneakers imported is then Suppose the government imposes an import tariff on sneakers of $2 per unit. The new equilibrium price of sneakers is total imports will decrease by units of sneakers, and the total revenue collected from the tariff is $