please please help with these. i need help with the graphs too. any help will be great!
3. Welfare effects of a tariff in a small country Suppose Jordan is open to free trade in the world market for maize. Since Jordan is small relative to the international market, the demand for and supply of maize in Jordan have no impact on the world price. The following graph shows the domestic market for maize in Jordan. The world price of a ton of maize is Pw=$800. On the following graph, use the green trangle (Criangle symbois) to shade the area reoresentiog consumer sumbus (CS) when the economy isat the free-trade equilibrium, then, use the purple triangle (Giamond symboig) te shade the area reoresenting producer surples (RS). Because Jordan participates in intemational trade in the market for maize, it will import tons of maize. Now suppose the Jordanian government deddes to impose a tariff of $200 on each imported ton of maize. Under the tariff, the price Jardanian consumers pay for a ton of maize becomes , and Jordan will import tons of maize. Use the following graph to show the effects of the $200 tariff. Use the black line (plus symbol) to indicate the world price plus the tanit. Then, use the green points (triangle symbols) to show the consumer sumplus) with the tariff and the purple triangle (diamond symbols) to show the produce surplus weh the tanif. Lastly, use the orange quadniaterai (seuare symbois) to shade the area reoresenting government revenue receved fiom the tariff and the tan points (rectangle symbols) to sthade the areas representing deadweight loss (owL) caused by the tariff. World Price Plus Tariff Govemment Revenue Complete the following table to summarize your results from the previous two graphs. Based on your analysis, as a result of the tariff, Jordan's consumer surplus by , producer surplus by and the govemment collects in revenue. Therefare, the net welare effect is a