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5. Refer to the figure below that shows export subsidy in a large country and answer the following questions. Initially, the country exports motorbikes at the world price of $96. Motorbike producers lobby heavily and receive an export subsidy. After the subsidy, the new world price becomes $90 per bike and domestic consumers purchase only 6 million motorbikes. (20 points) Figure 10.3 Price ($ per bike) Price ($ per bike) 100 100 96 96 90 00 Foreign demand for Imports O 6 12 Quantity 24 30 12 24 Quantity (millions of bikes) lions of bikes) Domestic Market for Motorbikes International Market for Motorbikes a. What is the amount of the export subsidy? $ b. What is the domestic price per bike after subsidy? $ c. Which areas represent the effect on consumer surplus? d. Which areas represent the effect on producer surplus? e. Which areas represent the effect on the government? f. What is the cost of the export subsidy to the government? $. g. Which areas represent the net effect due to the export subsidy? h. Which areas (in the domestic market panel) represent the loss due to the decl in terms of trade on this country? i. Which areas represent the effect on foreign importers (consumers)? j. Which areas represent the net effect on the world due to the subsidy