The above graph shows the demand and supply of computers in an open economy.

Suppose, World Price is set to = $800.

1. What will be the domestic quantity supplied and the quantity imported from outside?
2. Suppose, the government provides a $400 subsidy per unit on domestic production. Is the market price going to change for computers in the domestic market? What will be the consumer price and producer price after the government subsidy?
3. What will be the producer's total revenue after receiving the subsidy? How many dollars the government has spent in total on subsidies?
4. After the government provided a production subsidy, what will be the consumer surplus, producer surplus, and deadweight loss amount?

Computer market in an open economy 3000 2800 2600 2400 2200 2000 1800 1600 Price of Computer 1400 1200 1000 800 600 400 200 0 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 Quantity of Computer Domestic Supply Demand for Computer