Hello, please help me answer these questions. It would be helpful if you could show your work as well (maybe on paper). Thank you.

the Skills 1. Refer to the graph below to answer the following questions. Price $20 $15 $10 200 QD Quantity (in thousands) a. What are the equilibrium price, quantity demanded, and quantity supplied in the market if there are no price controls? (surplus or shortage) equal to how b. A price of $10 in the market would lead to a many units? c. How does a price ceiling of $10 affect the quantity demanded and quantity supplied in the market? Explain. d. How does a price floor of $10 affect the quantity demanded and quantity supplied in the market? Explain.2. Refer to the graph below to answer the following questions. Price 1,010 1,809 2.600 quantity a. An effective quota would have to be set (above or below) what quantity in this market? Explain. or on ous b. A quota of 1,000 would result in a demand price of and a supply price of c. Calculate the quota rent if a quota of 1,000 is imposed on this market. Show your work. song s esob woll . .? d. How does a quota of 1,000 affect efficiency in this market? Explain.Practice the Model The graph below represents the market for televisions in the United States. The current equilibrium price the United States is $200 and 40,000 televisions are sold at that price. The current world of televisions in the Unite price of televisions is $125. Price ( $ ) Su.S. firms $200 175 150 125 Du.S. consumers 10 20 30 40 50 60 70 Quantity of Televisions (in thousands) a. What is the quantity of televisions supplied by firms in the United States if the United States is a closed economy? b. On the figure above, draw the supply curve that represents the international supply of televisions if foreign firms can supply an unlimited number of televisions at the world price. Label this curve Supplyw. Use Figure 2.9-3 in your textbook as your guide. C. What is the total number of televisions that would be sold in the United States if the economy were open? How many of these are produced by firms in the United States? How many are imported? d. Now suppose that the United States imposes a tariff of $50 per television set. On the same graph you used in part b) above, draw the supply curve that represents the foreign supply of televisions with a $50 tariff. Label this curve Supplywr. e. As a result of the tariff, how many televisions will be sold in the United States? How many will be produced in the United States? How many will be imported? What is the total tariff revenue?Check Your Understanding Circle the best choice to answer or complete the following questions or incomplete statements. Use the following figure to answer questions I and 2: Price ($) | SQuota 400 300 200 40 60 Quantity of Televisions (in thousands) 1. Without any barriers to trade, televisions are sold, at a price of $ and televisions are imported. Televisions sold Price of televisions Number imported a. 60,000 $400 0 b . 30,000 $200 80,000 C . 60,000 $200 0 d. 80,000 $200 40,000 e. 80,000 $400 60,000 2. The graph shows an import quota that results in televisions being sold in the United States at a price of $300 and televisions allowed to be imported Televisions sold in the United States Televisions imported 40,000 40,000 b 70,000 20,000 C. 70,000 70,000 d. 50,000 50,000 e. 50,000 40,000 Practice the Skills 1. Draw a correctly-labeled graph of the market for lumber in the United States showing a world price below the equilibrium domestic price. On your graph, identify each of the following; 1 . The domestic demand and supply curves ii. The no trade equilibrium quantity, labeled Q iii. The domestic and world prices, labeled Pa and Pw iv. The quantity supplied by domestic firms, labeled Qs V . The total quantity sold in the United States with trade, labeled Of vi. The quantity of imports2. Use your graph from Question 1 to show the effect of a tariff on the market. On your graph, add each of the following using a different color pen/pencil. 1 . The new quantity supplied by domestic firms (after the tariff), labeled Osl ii. The new total quantity sold with trade (after the tariff), labeled Qu1 iii. The new quantity of imports (after the tariff) iv . The tariff revenue received by the government 3. Identify two benefits and two costs of the tariff. 090.01