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Suppose the following table reflects the domestic supply and demand for T-shirts: Price 1513 1197531 Quantity Supplied 876 54321 Quantity Demanded 24 6810 121416 If

Suppose the following table reflects the domestic supply and demand for T-shirts:

Price1513 1197531

Quantity Supplied876 54321

Quantity Demanded24 6810 121416

If a tariff of $2 per T-shirt is imposed, with this trade barrier, identify

(i) the market price,

(ii) domestic consumption,

(iii) domestic production

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