Suppose Jamaica is open to free trade in the world market for soybeans. Because of Jamaica's small size, the demand and supply of soybeans in Jamaica do not affect the world price. Domestic demand curve for Jamaica is: Qd = 3,205 2 P and domestic supply curve is: Q5 = 140 + 4 P. The world price of soybeans is Pm = 250 (round to 2 decimal places if necessary) Calculate the consumer surplus and domestic producer surplus: Cmsumer Surplus = ' 'n E Domestic Producer Surplus = '' n '3 Now suppose the government in Jamaica decides to impose a tariff of 60 on each imported ton of soybeans. After the tariff is imposed, calculate the new consumer surplus and domestic producer surplus: Consumer Surplus (after tariff) = t t n '3 Domestic Producer Surplus (after tariff) = ' 'n IE Calculate the Government Revenue and Domestic Deadweight Loss aswell: Government Revenue = '' a la Domestic Deadweight Loss = ' 'n IE