Price ($) Tariff + Pworld=4 Pworld=3 O NHO 8 Quantity (units) All questions below refers to Lithasia,Quantity (units) All questions below refers to Lithasia, a small open economy A) What is the domestic price of chairs in Lithasia in the absence of trade? B) What is the consumer surplus when Lithasia opens up to free trade? C) What is the consumer surplus when Lithasia engages in trade and the government imposes a $1 tariff on chairs? D) What is the producer surplus when Lithasia opens to free trade? E) What is the producer surplus when Lithasia engages in trade and the government imposes a tariff of $1 on chairs? F) Calculate the revenue earned by the government when it imposes a tariff of $1 on chairs. G) What is the deadweight loss of the tariff imposed by the government? H) How many chairs were imported by Lithasia before the tariff was imposed by the government? I) How many chairs does Lithasia import when the government imposes a tariff of $1 per unit? J) Calculate the total surplus in Lithasia under free trade. K) Calculate the total surplus after the government imposes a tariff of $1 per unit. Edit Format Table . .. 12pt Paragraph 3 7 U A Q T V O