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|_: Consider the U.S. market for digital cameras. Let domestic supply be given by QS= 2P*25 and domestic demand be given by Q=-50-lr'2P. Now we

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|_: Consider the U.S. market for digital cameras. Let domestic supply be given by QS= 2P*25 and domestic demand be given by Q\"=-50-lr'2P. Now we are going to allotsr for trade. The world price is $40, so digital cameras are exported. |_: u a. Draw a graph showing the effects of allowing for trade. Make sure to mark the new CS and 1353.1 and mark the quantity purchased domestically and the quantity sold by domestic producers. Then caiculate the new CS and PS. 1'). ins alloWing for trade changed domestic total surplus? Why or why not? c. In this setting, could either domestic producers or consumers benet from a tariff? Why or Why not? Assume a perfectly competitive market

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