The following graph shows the domestic supply of and demand for soybeans in Colombia. The world price (PW) of soybeans i

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The following graph shows the domestic supply of and demand for soybeans in Colombia. The world price (PW) of soybeans is $530 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of soybeans and that there are no transportation or transaction costs associated with international trade in soybeans. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 0 10 20 30 40 50 60 70 80 90 100 980 930 880 830 780 730 680 630 580 530 480 PRICE (Dollars per ton) QUANTITY (Tons of soybeans) Domestic Demand Domestic Supply P W If Colombia is open to international trade in soybeans without any restrictions, it will import tons of soybeans. Suppose the Colombian government wants to reduce imports to exactly 40 tons of soybeans to help domestic producers. A tariff of $ per ton will achieve this. A tariff set at this level would raise $ in revenue for the Colombian government.