Suppose the Autarky market for avocados for a small country can be described by:

Qd = 200 - P

Qs = P

A. Draw the Autarky equilibrium (P, Q, CS, PS)

B. If the world price for Avocados is $10, show/solve for the number of avocados consumed, the amount imported, and the new CS.

C. The country decides to add a $10 tariff to imported avocados. At the new price show/solve for the Tariff Revenue, and the new level of imports.