Question 1: Consider the following partial equilibrium diagram depicting the market for radios in Portugal, a small importing country. Suppose PFT is the free trade price and PT is the price in Portugal when a tariff is in place. Answer the following questions by referring to the diagram. Assume the letters, A, B, C, D, and E refer to areas on the graph. The letters v, w, x, and y refer to lengths. (Be sure to include the direction of changes by indicating \"+\" or \".\") a. b. c. d. e. Where on the graph is the level of imports in free trade? (5 pts.) Which area or areas represent the level of consumer surplus in free trade? (5 pts.) Which area or areas represent the level of producer surplus in free trade? (5 pts.) Where on the graph is the level of imports after the tariff depicted? (5 pts.) Which area or areas represent the tariff revenue collected by the importing government with the tariff in place? (5 pts.) f. Which area or areas represent the change in consumer surplus when the tariff is applied? (7 pts.) g. Which area or areas represent the change in producer surplus when the tariff is applied? (8 pts.) h. Which area or areas represent the change in national welfare when the tariff is applied? (10 pts.)