Supposeandare Uzbekistan's domestic demand and supply curves for plastic. Suppose that free trade price of plastic isand. Assume that Uzbek plastic industry is too small to affect the world's plastic prices. Also consider that the quality of Chinese and Korean plastic is identical.

Now suppose that after having - historically - no protectionism policies against foreign goods, Uzbekistan decided to establish a customs union with Korea to facilitate bilateral trade between the countries and strengthen political relations. According to the Customs Union agreement, Uzbek government started imposing 100% tariffs on imports of plastic from non-member countries; Where ID use 10271

a)Considering the rules and the regulations of Customs Union, graphically demonstrate the changes in Uzbek-plastic-market before and after the establishment of Customs Union

10*ID Splastic 8*ID Price 6*ID 4* ID 2*ID Dblastic 10*ID 20*ID 30*ID 40*ID 50* ID 60*ID 70* ID 80*ID Quantity