Tell me where to mark everything give me exact coordinates as well as fill out blanks and put answers in bold easy to read
Show the effects of the $40 tariff on the following graph Attempts | Keep the Highest / 6 Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green triangle (triangle symbols) to show the consumer 3. Welfare effects of a tariff in a small country surplus with the tariff and the purple triangle (diamond Symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan triangles (dash symbols) to shade the areas Suppose Guatemala is open to free trade in the world market for maize. Because of Guatemala's small size, the demand for and supply of maize in representing the net loss or deadweight loss (DWL) caused by the tariff. Guatemala do not affect the world price. The following graph shows the domestic maize market In Guatemala. The world price of maize is Py = $350 per ton. On the following graph, use the green triangle (triangle symbols) to shade the area representing consumer surplus (CS) when the economy is at the free-trade equilibrium. Then, use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS). 1 QIpeciRenans Domest wcun, 670 1 : | World Price Plus Tariff 630 / 590 - sl / 710 Domestic Demand Domestic Supply 1 5 550 \\ / cs \\ 5 | o 670 + N 8 50 | % L ~7 \\ W 7 / / cs o 630 / / w 470 \\ 7 o 5 PS \\ @ 5% > fv 43000 = \\ \\ s | N 550 PS { / \\ 5 390 7 p 2 2 \\ S s10 { 350 I,,,,z 5 N\\ S / N\\ 3 aol b b U o b GEREING S 013l vie e ol s et o I o7 s DWL o QUANTITY (Thousands of tons of maize) OB S OO N2 A8 g ot a4 270 90, QUANTITY (Thousands of tons of maize) Complete the following table to summarize your results from the previous two graphs. Under Free Trade Under a Tariff (Dollars) (Dollars) 1f Guatemala allows international trade in the market for maize, it will import tons of maize. Consumer Surplus Producer Surplus Now suppose the Guatemalan government decides to Impose a tariff of $40 on each imported ton of maize. After the tariff, the price Guatemalan Government Revenue 0 consumers pay for a ton of maize is , and Guatemala will import tons of maize. Base S . Show the effects of the $40 tariff on the following graph ased on your analysis, as a result of the tariff, Guatemala's consumer surplus by , producer surplus by and the government collects in revenue. Therefore, the net welfare effect is R W of Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green triangle (triangle symbols) to show the consumer surplus with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan triangles (dash symbols) to shade the areas E E representing the net loss or deadweight loss (DWL) caused by the tariff Continue without saving
