NAME: Price/Cost/Revenue BEDAZZLED TIRE SWINGS Supply 90 (U.S.) 80 70 60 50 World Price plus Tariff 40 World Price 30 20 Demand (U.S.) 10 10 20 30 40 50 60 90 100 110 120 Quantity Use the figure above to answer the following questions: Assume "free trade" (no Tariff): 1. How much is consumer surplus? (2 points) 2. How much is producer surplus? (2 points) Assume the above tariff is imposed: 3. How much is the per unit tariff shown in the above figure? (2 points) 4. How much is consumer surplus? (2 points) 5. How much is producer surplus? (2 points) 6. How much is the Dead Weight Loss? (3 points) 7. How much revenue is raised by the tariff? (2 points)