The demand function for a good is Q=1200-P while the supply functions is Q=-200+P. World price is $400 and the domestic production subsidy is $200.

a. Graph the demand and supply function to scale and label axis and intercepts.

b. Determine the quantity demanded before and after the subsidy .

c. Determine the quantity supplied before and after the subsidy .

d. Determine the quantity imported before and after the subsidy .

e. Determine the consumer surplus before and after the subsidy .

f. Determine the producer surplus before and after the subsidy .

g. Determine government revenue after the subsidy .

h. Determine the dead weight loss.

i. Identify on the graph in part (a) the dead weight loss