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Homework (Ch 09) Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to

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Homework (Ch 09) Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to show the consumer surplus with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DWL) caused by the tariff. 490 Domestic Demand Domestic Supply + World Price Plus Tariff 8 CS PRICE (Dollars per ton) PS Government Revenue 190 0 20 40 60 80 100 120 140 160 180 200 DWL QUANTITY (Tons of soybeans) Complete the following table to summarize your results from the previous two graphs. With Free Trade With a Tariff (Dollars) (Dollars) Consumer Surplus Producer Surplus Government Revenue Based on your analysis, as a result of the tariff, Bolivia's consumer surplus by $ , producer surplus , and the government collects $ in revenue. Therefore, the net welfare effect is a of Grade It Now Save & Continue Continue without saving

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