Tools S S S les of PRICE (Dollars perton) 800 770 740 710 630 650 620 590 580 530 500 Supply Demand P 0 10 20 30 40 50 60 70 80 90 QUANTITY (Thousands of tons of soybeans) A tariff set at this level would raise $ W 100 Market for Soybeans in Guatemala I Price (Dollars per ton) Domestic Demand (Thousands of tons of soybeans) If Guatemala is open to international trade of soybeans without any restrictions, it will import 680 40 Domestic Supply (Thousands of tons of soybeans) in revenue for the Guatemalan government. tons of soybeans. to Suppose the Guatemalan government wants to reduce imports to exactly 40,000 tons of soybeans to help domestic producers. A tariff of per ton will achieve this. 60