Trade policy Ghana is a thriving economy, but emerging cocoa industry. However, the country currently imports cocoa from the global market at a price of 10 dollars. Its domestic market is illustrated in the graph belowQuestions1. In the open economy, how many cocoa are produced and consumed in Ghana? And how much is imported? 2. What effect will a specific tariff t=10 have on the number of imports ? and what is the welfare effects of an import tariff - in comparison to free trade3. Show the changes in domestic consumption, production, and imports (using the graph). 4. Assess changes in producer, consumer and total welfare on the following points 4.1 Change in imports4.2 Change in consumer surplus4.3 Change in producer surplus4.4 Change in government revenue4.5 Overall welfare change