Kindly solve the following questions

Suppose that the nation of Micronesia decides to participate in the international trade of timber. l. Shift the line representing the world price in a way that results in Micronesia exporting timber. 2. Place the shaded area, PS, so that it correctly represents producer surplus for Micronesia's rms once the country is open to international trade. Domestic Supply 5 PS World Price Price Domestic Demand Incorrect A correct * Map ling learning The graphs below show four markets in which a tax will be imposed. Put the proper label next to each graph according to how the tax will be shared between buyers and sellers once the tax is in place. Price ($) Price ($) Buyers pay the majority of the tax. Sellers pay all of the tax. Quantity Quantity Sellers pay the majority of the tax. Buyers pay all of the tax. Price ($) Price ($) Quantity Quantity Previous @ Give Up & View Solution Check Answer Next | Ext