The graph above shows the market for good X in country Z before and after it places an import tariff on the good. The free trade price is $4 and the tariff is 50%.

The domestic supply curve is given by: P = 3 + .05Q

I ? = | MIDTERM TEST SPRING 2020.docx - WordPad X File Home View Cut Find Calibri * 11 " A A" $. . Copy Gac Replace Paste B I U abe Xz X A . _. Picture Paint Date and Insert drawing time object Select all Clipboard Font Paragraph Insert Editing 3 . 1 . 2 . 1 . 1 . 1 . X . 1 . 1 . 2 . 1 . 3 . 1 . 4 . 1 . 5 . 1 . 6 . 1 . 7 . 1 . 8 . 1 . 9 . 1 . 10 . 1 . 11 . 1 . 12 . 1 . 13 . 1 . 14 . 1 . 15 5 1 . 16 . 1 . 17 . 1 . 18 . H M SF+ T PIA B IC_ G -SF D O Q The graph above shows the market for good X in country Z before and after it places an import tariff on the good. The free trade price is $4 and the tariff is 50%. P = 3+.05Q Activate Windows The domestic supply curve is given by: Go to Settings to activate Windows. 120% + 0:49 Type here to search O A= 93 6 ) ENG 03/03/2021