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Done< AA ng.cengage.com CENGAGE MINDTAP 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 triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (quare 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 (DWL) caused by the tariff m 120 Domestic Demand Domestic Supply 500 World Price Plus Tar 500 Government Revenue 9 1 10 DWL 15 20 25 30 31 40 45 QUANTITY (Tons of maize) Complete the following table to summarize your results from the previous two graphs. Under Free Trade (Dollars) Under a Tariff (Dollars) Consumer Surplus Producer Surplus Baumant Bavania n B PRICE (Dollars perton) 500 470 400 300 320 +€ Q Search this course 43% O Co A-Z
Done< * 8 m AA CENGAGE MINDTAP 420 Domestic Demand 560 500 470 400) 380 350 320 O Homework (Ch 09) PRICE (Dolars perton) Domestic Supply World Price Plus Ta ng.cengage.com [+*+X|4* Government Revenue DML 0 1 45 M 15 20 25 30 35 40 QUANTITY (Tons of maize) Complete the following table to summarize your results from the previous two graphs. Under Free Trade (Dollars) Under a Tariff (Dollars) Consumer Surplus Producer Surplus Government Revenue Based on your analysis, as a result of the tariff, Bangladesh's consumer surplus and the government collects 4 5 producer surplus in revenue. Therefore, the net welfare effect is a Grade It Now Save & Continue Continue without saving +€ Q Search this course 43% O Co A-Z