Price/Cost/Revenue GOOD A 45 Supply (U.S.) 40 35 30 25 B C 20 - World Price plus Tariff D EL G World Price 15 H 10 Demand (U.S.) 5 0 15 30 45 60 135 150 165 180 Quantity Janeland Assume (closed economy with no trade) for the following question: 1) Calculate total economic surplus represented in the graph above. (3 points) Assume Free Trade (no trade restrictions) for the following questions: 2) Calculate total economic surplus represented in the graph above. (3 points) 3) How much has consumer surplus increased as a result of free trade? (5 points) Assume a $10 per unit tariff is imposed on the importation of Good A: 4) Calculate the dead weight loss that results from the tariff. (3 points) 5) Calculate the amount of revenue raised from the tariff. (2 points)