The following graph, not drawn to scale, shows the market for seat covers in Great Britain. The demand curve suggests that the price in f follows P = 800 - 0.02Q, and the supply curve suggests the price P = 400 + 0.04Q. When there is free trade, the price in Great Britain is equal to the world price Pw = $500. Using the demand and supply curve, we can discover that, under the free trade (before the imposition of the tariff), the British consumption of covers Qw= 15,000 and domestic production of covers QWS= 2,500. If the British government imposes a tariff of $100 per cover, the price rises to Pr = E600. Supply: P = 400 + 0.04Q - P. = 600 Pu = 500 Demand: P = 800 - 0.02Q Q Under free trade (before the imposition of the tariff), what is the British consumer surplus? O A. 125,000 B. 4,500,000 O C. 2,000,000 D. 2,250,000After the imposition of the tariff, what is British domestic production? A. 10,000 B. 6,000 C. 5,000 O D. 2,500 Reset Selection Mark for Review What's This? Question 15 of 20 4 Points Under the free trade (before the imposition of the tariff), what is the British producer surplus in British Pounds? A. 2,250,000 B. 2,000,000 C. 125,000 D. 500,000 Reset Selection Mark for Review What's This?After the imposition of the tariff, what is the British producer surplus? A. 1,000,000 B. 250,000 C. 2,000,000 D. 500,000 Reset Selection Mark for Review What's This? Question 17 of 20 4 Points What is the government's tariff revenue? A. 500,000 B. 100,000 O C. 300,000 D. 250,000 Reset Selection Mark for Review What's This?What is the British total deadweight losses as a result of the tariff? A. 250,000 B. 375,000 C. 500,000 O D. 125,000 Reset Selection Mark for Review What's This? Question 19 of 20 4 Points Suppose the world has two countries, Alpha and Beta, producing two goods, odds and ends. If Alpha has a comparative advantage in producing odds compared to Beta, then: O A. Under free trade, the wage in Alpha must be higher than in Beta. B. In autarky, Beta must produce more ends than Alpha. C. Under free trade, Beta must import ends. O D. In autarky, the opportunity cost of ends must be higher in Alpha than in Beta. Reset Selection Mark for Review What's This