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Question 53 (1 point) Suppose the Canadian domestic demand and supply for smartphone parts are as follows: QD = 47000- 1000P Qs = -3400 +

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Question 53 (1 point) Suppose the Canadian domestic demand and supply for smartphone parts are as follows: QD = 47000- 1000P Qs = -3400 + 200P Where Qp is the quantity of demand, Qs is the quantity of supply, P is the price. Suppose the world price is $34 and the government imposes a tariff of $6 for each smartphone part. How large is the dead weight loss from the protectionist measure? Your answer should be a 5-digit number

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