Qd = 100 - 0.5P Qs = P - 50 The world price (which will not be affected by anything that we do) is $60. Assume that the government imposes a tariff of $40 per unit. Calculate: (a) the domestic price that will result if the tariff is imposed (b) the dollar gain or loss to domestic consumers (c) the dollar gain or loss to domestic producers (d) the government revenue from the tariff (e) the deadweight loss from the tariff

A tariff lowers the price of the imported good below the world price. lowers the price of the exported good below the world price. raises the price of the imported good above the world price. keeps the price of the exported good the same as the world price.

Calculate the loss in mexico consumer surplus due to the tariff. A) $225 B)$265 C)$285 D)$325  Give me correct answer with calculation and full explanation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Consider the market for coffee in the small, isolated country of Krakozhia. Within Krakozhia, the domestic demand for coffee is: Q = 500-2p and the domestic supply of coffee is: Q* = -150+ 3p

The aim of a tariff is to: (a) maximise total surplus. (b) protect domestic consumers. (c) protect domestic producers. (d) create deadweight loss.

Q1: Using a domestic-market demand- and supply-curve graph, (a) show the impact of tariff on a small country's import price, domestic demand, domestic supply, import quantity, consumer surplus, producer surplus, government revenue, and total welfare; (b) Is the country unambiguously worse off as a result of the tariff? (c) In the same graph, show how to achieve the same import quantity with an import quota; (d) When would the tariff and the import quota lead to the same amount of welfare change? (e) How would the answers to (a) and (b) change for a large country?

1. a) An import tariff will government revenue, and producer surplus, overall domestic national welfare. A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease b) An export subsidy will government revenue, and C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on consumer surplus,, producer surplus, overall domestic national welfare. A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease consumer surplus, C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on c) An import quota will government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no…

Please explain/show steps as to how you arrived at your answer. Thank you.

Quotas may be set on worldwide imports or on imports from a specific country.True or False

A country decides to impose higher tariffs on imported goods to encourage domestic production. This policy change impacts the circular flow of income and expenditure by altering the dynamics of international trade. In this scenario, the imposition of tariffs on imports primarily:A) Acts as a leakage in the circular flowB) Functions as an injection into the circular flowC) Has no significant impact on the circular flowD) Reduces government expenditure in the circular flow   Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.