Question 4. Mexico is also a small country for TVs. Its demand and supply schedules are shown below. Price Demand S_upy 100 900 0 200 700 200 300 500 400 400 300 600 500 100 800 Draw Mexico's demand and supply schedules. a. Suppose Mexico imports TVs at $150 each. Show this on the same graph as above, and determine how many TVs Mexico produces, consumes, and imports. Also calculate the producer and consumer surpluses. b. Suppose Mexico, now, imposes a quota which limits TV imports to 300. Show the new configurations of price and quantities on the same graph as (a) above or a new one. c. Assume that Mexican importers still manage to import TVs at the old free-trade price, but now retail them in Mexico for the higher quota-induced price. Under this assumption, what is the national welfare loss or gain for Mexico? Show and explain all the calculations, which led to your final