The following graph shows the domestic supply of and demand for wheat in New Zealand. The world price {Pi-y) of wheat is $265 per bushel and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of wheat and that there are no transportation or transaction costs associated with international trade in wheat. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 445 Domestic Demand Domestic: Supply 425 405 335 365 345 325 305 PRICE (Dollars per bushel) 235 265 245 olozoao-aosoooroaosomo QUANTITY (Bushels of wheat] If New Zealand is open to international trade in wheat without any restrictions, it will import: bushels of wheat. Suppose the New Zealand government wants to reduce imports to exactly 40 bushels of wheat to help domestic producers. A tariff of per 445 Domestic Demand Domestic Suppl}.I 425 405 335 355 345 325 30-5 PRICE (Dollars per bushel) 235 235 245 El 10 2O 30 40 50 60 3'0 SCI 91] 100 QUANTITY (Bushels of wheat] If New Zealand i5 open to international trade in wheat without any restrictions, it will import\\:| bushels of wheat. Suppose the New Zealand government wants to reduce imports to exactlv 40 bushels of wheat to help domestic producers. A tariff of per bushel will achieve this. A tariff set at this level would raise in revenue for the New Zealand government. Continue without saving