Homework (Ch 09 3. Welfare effects of a tarif in a small country udy Tools Suppose Jordan is open to free trade in the w

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Homework Ch 09 3 Welfare Effects Of A Tarif In A Small Country Udy Tools Suppose Jordan Is Open To Free Trade In The W 1 (39.95 KiB) Viewed 101 times

Homework Ch 09 3 Welfare Effects Of A Tarif In A Small Country Udy Tools Suppose Jordan Is Open To Free Trade In The W 2 (66.82 KiB) Viewed 101 times

Homework Ch 09 3 Welfare Effects Of A Tarif In A Small Country Udy Tools Suppose Jordan Is Open To Free Trade In The W 3 (71.43 KiB) Viewed 101 times

Homework (Ch 09 3. Welfare effects of a tarif in a small country udy Tools Suppose Jordan is open to free trade in the world market for oranges. Because of Jordan's small size, the demand for and supply of oranges in Jordan do not affect the world price. The following graph shows the domestic oranges market in Jordan, The word price of oranges is Pw - $800 per ton. ss Tips On the following graph use the green triangle (trangle symbols) to shade the area representing consumer suplus (CS) when the economy is at the free trade equilibrium. Then use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS). is Tips Domes Demand Domestic Supply 100 1500 200 PS PRICE Dan Berton 1300 30 10 50 70 QUANTITY (Tons of orang) Sordanows international trade in the market for oranges, it will import tons of orange Now suppose the Jordanian government decides to impose a tariff of $200 on each Imported ton of oranges. After the trift, the price Jordanian consumers pay for a ton of brangusis and Jordan wat inport tons of orange Show the effects of the $200 tariff on the following graph
Homework (Ch 09) Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to show the consumer surplus with the tariff and the purple tnangle (diamond symbols) to show the producer surplus with the tariff . Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DW) caused by the tariff. 1700 Domestic Demand Domestic Supply 1000 - 1000 World Price Plus Tarif 1400 1300 CS PRICE Dollars perton) 1200 1100 PS 1000 000 P Government Revenue 500 700 . 10 20 00 2010 50 QUANTITY (Tons of oranges) 100 OWE Complete the following table to summarize your results from the previous two graphs. Under Free Trade (Dollars) Under a Tarifi (Dollars) Consumer Surplus Producer Surplus Government Revenue 0 Lasif I
mework (Ch 09) 1700 Domestic Demand Domestic Supply 1000 1500 World Price Plus Tamil 1400 1300 CS PRICE (Dollars perton) 1200 1100 PS 1000 000 Government Revenue 800 700 10 20 SO 90 100 30 40 50 00 70 QUANTITY (Tons of oranges) DWL Complete the following table to summarize your results from the previous two graphs. Under Free Trade (Dollars) Under a Tarifi (Dollars) Consumer Surplus Producer Surplus Government Revenue 0 Based on your analysis, as a result of the tariff, Jordan's consumer surplus by and the government collects 5 by S producer surplus in revenue. Therefore, the net welfare effect is a of Grade It Now Save & Continue Continue without saving