The figure below depicts the domestic market for a particular good. The curve labeled S represents domestic supply. The curve labeled D represents domestic demand. The line labeled Pw is the world price of the good. Remember: Do not use commas (,) in your answers. 100 S 90 80 70 60 Price 50 40 30 PW 20 10 10 20 30 40 50 60 70 80 90 100 Quantity Use the graph to answer the following questions: MacBook Air 80 DD F5 F6 DD FB % & 6 8 9 OUse the graph to answer the following questions: Assume that international trade HAS NOT been established. The equilibrium price is $ 50 The equilibrium quantity is 50 units. The value of consumer surplus is $ The value of producer surplus is $ Assume that international trade HAS been established. The quantity of domestic consumption is units. The quantity of domestic production is 30 units. The quantity of imports is 40 units. The value of consumer surplus is $ The value of producer surplus is $ Assume that international trade HAS been established. Further, assume now that the home country has imposed a $10 tariff on-imports of the good. MacBook Air 888 DO DOAssume that international trade HAS been established. Further, assume now that the home country has imposed a $10 tariff on imports of the good. The new value of consumer surplus is $ The new value of producer surplus is $ The government revenue from the tariff is $ 20 Assume that international trade HAS been established. Further, assume now that instead of a tariff, the home country has imposed a 20 unit quota on imports of the good. Also assume that the exporting firms have organized into a monopoly. The total welfare loss (i.e. the deadweight AND revenue losses) to the domestic country from the quota is 100 Previous Next No new data to save. Last checked at 6:11pm Submit C MacBook Air