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Price of Carnations $14 Domestic Supply 12 10 8+ 6 Tariff 4 World Price 2 Domestic Demand 100 200 300 400 500 600 Quantity of

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Price of Carnations $14 Domestic Supply 12 10 8+ 6 Tariff 4 World Price 2 Domestic Demand 100 200 300 400 500 600 Quantity of Carnations (in dozens) Based on the figure above, consumer surplus before trade takes place is O $6 O $900 O $1800 O $2500Based on the figure above, total surplus once trade opens up is O $900 O $1800 O $2000 O $2600Based on the graph above, once trade opens the quantity demanded is and the amount imported is _ 0 300,0 0 500,100 0 400, 500 O 500, 400 Based on the graph above, when a tariff is applied to the market, the quantity imported _ by 0 increases, 100 0 increases, 200 0 decreases, 100 0 decreases, 200 Based on the figure above, once the tariff is applied, the government collects _ _ _ in tariff revenue. O $2 O $200 O $400 O $2400

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