The domestic supply and demand of sugar is given by the following equations: QD=50020p 0.5: 5p25 The world price of sugar is pw=15 and is unaffected by the domestic market. 3. Suppose there are no trade barriers for importing or exporting sugar. What will be the quantity of imports? Import Quantity = 150 4. If all international trade of sugar is banned (no imports or exports allowed), what will be the deadweight loss from the elimination of imports? DWL = 450 5. [2 points] Now suppose the government opens up sugar to international trade and charges a tariff of $2 per unit imported. What is the resulting price and quantity of imports? p = 17 Import Quantity = 100