Question 4: Draw the demand curve and the short-run supply curve for the market. Shade in the area that is the consumer surplus and the producer surplus. Explain why there is now a producer surplus in the graph. (5 Points) Question 5: As before, suppose that there are a very large number of foreign producers in the Philippines who can also produce bananas. to the absence of the import ban, it would be possible to purchase bananas from the Philippines at a price of $2.00. Suppose that the government annormces that it will be lifting the import ban for the current harvest season. Draw the supply and demand system for the current harvest with international trade. Why do we observe domestic production in this harvest? What will happen after the ctn'rent harvest if the import ban continues to be lifted. (5 Points)