tariffs and trade hw (2)

E: 1 the: 100 53 sues: azure awhile: 2020-03-31 00:00 951%! (mammal 75$ Current Situation with 5 Percent Tariff World price of motorcycles $2,000 per cycle Tariff at 5 percent $100 per cycle Domestic price $2,100 per cycle Number of cycles purchased domestically per year 100,000 Number of cycles produced domestically per year 40,000 . ensue 2020-03-16 'F'F10.39.11.png Calculate the following: a. The consumer gain from removing the duty. b. The producer loss from removing the duty. c. The government tariff revenue loss. d. The net effect on the country's well-being. Why does the net effect on the country as a whole differ from the result in question 5? 71' u Etifi'r 9 I3 \"was: 7. As in question 5. you have been asked to quantify the effects of removing an import duty; somebody has already estimated the effects on the country's production, consumption, and imports. This time the facts are diffean The import duty in question is a 5 percent tariff on imported motorcycles. You are given the information shown in the table. Estimated Situation without Tariff $2.050 per cycle 0 $2.050 per cycle 105.000 35.000 70,000 Number of cycles imported per year 60,000