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2 Import Demand (25 points) a) (10 points) Draw a domestic market for sugar with a supply of P = .2+ . IQs (note: price is per pound and quantity is tnchWurl in thotwands or tore;) and a demand of P 5 .2QD. b) (5 points) If the world priu: of sugar is 'l .20, how much money do consumers spend on importl FCON 2 Page 2 c) (5 points) If a tariff Of SO.20/p011nd is how many pounds Of sugar are imported? What is the tariff revenue? d) (5 points) Draw the import demand curve for sugar in the domestic (small country) market. Be sure to label your axe* and intercepts.