please help and answer all the following questions

Tariffs-Welfare Analysis Exercise 2 The graph below shows the market for tires in the United States, a nation that is open to international trade but is assumed to be a price taker unable to affect the world price of tires. a. In the graph below, identify the areas that represent consumer surplus (CS) and producer surplus (PS) with international trade. Instructions: Use the tools provided "CS" and "PS" to lilustrate these areas on the graph. 1) Now suppose that domestic tire producers in the United States convince the government to impose a tariff (tax) on imported tires with the goal of reducing the number of tires imported by 50% (half of what is imported with free trade). b. How large will the tariff need to be to achieve this goal? 5 per tire c. Using the graph below, indicate the new pice with the tariff imposed, the domestic quantity supplied (Qs, and the domestic quantity demanded (Qd) that would result with the new tariff in place. demanded (Qd) that would result with the new tariff in place. Instructions: Use the tool provided "Pw + tarif" to draw the new price after the tasiff has been imposed. Then use the tools provided " Os+ tariff and " Od+ tariff" to indicate the domestic quantity supplied and domestic quantity demanded with this tariff in effect. Finally, use the tools provided "New CS," "New PS," and "Tariff Revenue" to illustrate these areas on the graph. d. With the tariff in place, how much tariff revenue is generated by the government through the tariff on tires? $ million c. Using the graph below, identify the area that represents the surplus lost to this economy, which is also known as deadweight loss or DWL. as a result of this restriction of intemational trade. Instructions: Use the tool provided "P Pw+tarifl " to draw the new price after the tariff has been imposed. Then use the tools provided "Q Qs+ tariff" and " Qd+ tariff" to indicate the domestic quantity supplied and domestic quantity demanded with this tariff in effect. Finally, use the tools provided 'DWL. left' and 'DWL right' to illustrate the two areas on the graph that represent deadweight loss. Market for Tires Q5+tan if" and " Qd+ tariff" to indicate the domestic quantity supplied and domestic quantity demonded with this tariff in effect. Finally. use the tools provided 'DWL left' and 'DWL right" to lllustrate the two areas on the graph that represent deadweight loss. (i) Market for Tires If the tariff was set higher than the value used in this exercise, we woukd expect Instructions: in order to recelve full credit, you must make a selection for each option. For correct answerisl click the box once to place a check mark. For incorrect answer(s), click the option fwice to empty the bax, consumer mipus inereases producer surplus increases. dedweight loss increases. consumer surplus decreases. producer surplus decreases. deadweight loss decroases