ii) Consider the U.S.A "small country". Explain the equilibrium of how an import tariff affects different groups (a. consumer, b. producer, c. government) of the metal market inside the small country. Discuss the reason if the small country as a whole benefit or lose from the import tariff? Use the figure below, where PW is the world price and PW+t is the price with tariff. [12 Marks] Ps p+t pw a C Home S D 18