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The following graph shows the domestic supply of and demand for moze in Bangladesh. The world price (Pw) of mere is $250 per ton and

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The following graph shows the domestic supply of and demand for moze in Bangladesh. The world price (Pw) of mere is $250 per ton and is represented by the horizontal blackline Throughout the question, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before exporting ar importing takes place Domestic Demand Come supply 40 100 PRICE Botas perton 110 20+ 1 200 10 20 100 30 50 00 70 QUANTITY (Trstmaize If Bangladesh is open to international trade in maize without any restrictions, it will import tons of maize Suppose the Bangladeshi government wants to reduce imports to exactly 40 tons of maize to help domestic producers. A tariff of $ will achieve this. per ton A tariff set at this level would raise $ in revenue for the Bangladeshi government. Grade It Now Save & Continue

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