The questions are shown in the picture

2. (16 marks) Assume that domestic supply and the demand curve for aluminum are represented by the following equations: Qs = 14 + 0.25P Qd = 19 - 0.25P Also assume that the supply curve for aluminum is represented by Pw = $5 per ton. (Suggestion: You will understand the mechanism better by drawing a demand and supply diagram). a. What will be the level of aluminum production in this economy? What price of aluminum will be charged? Will there be any import of aluminum? If so, how much? b. Suppose the domestic economy levies a 25% tariff on imported aluminum. What would be the domestic price and quantity of production and sale of aluminum? c. If the domestic economy totally bans foreign aluminum imports, what would be the domestic price and quantity of production and sale of aluminum? d. Show your answers to the above questions in a diagram. Carefully label the diagram