Hi the question below has multiple steps but I would really appreciate any help! thank you so much!

1 - Assume that the EU subsidizes the exports of tomatoes to support employment in agriculture. Supply and demand of European producers and consumers are equal to=200+5 and=500 respectively (where prices are in and quantities in tons). Under free trade, the EU is a net exporter of tomatoes and exports 30 tons every day at 475 per ton. Assume that under free trade, the global price is 475 per ton. Now, to support employment in agriculture, the EU starts subsidizing every ton of exports by about 4.2% such that the price European producers get, after the subsidy, rises from 475/ton to 495/ton. Assume the EU is a price taker and cannot affect the world price.

What happens to European production once the subsidy is in place (i.e. price is 495/ton)? (multiple answers can be selected)

a - European producers will produce more tomatoes

b - European producers will produce fewer tomatoes

c- European production remains unchanged

d - European producers stop selling tomatoes to European consumers

e - European producers stop exporting tomatoes

What happens to European consumption once the subsidy is in place?

a - European consumers no longer buy any tomatoes

b - European consumers buy more tomatoes

c - European consumers buy the same amount of tomatoes

d - European consumers exclusively consume European tomatoes

e - European consumers exclusively consume imported tomatoes

2 -

What is the effect on daily EU consumer surplus?

What is the effect on daily EU producer surplus?

How much does this subsidy program cost the EU daily?

What is the daily change in social welfare and why?

thank you so much!