On the basis of the diagram that reflects the effect of imposing a tariff on an importable product, show Effects, calculations and results of the following:
1. Consumption Effect 2 Production Effect 3 Revenue Effect 4 Inefficiency of Tariff 5 Change in Consumer Surplus 6 Producer Surplus before Trade 7 Change in Producer Surplus

Transcribed Image Text:

P$ A 18 Pw +t=10 B Pw = 6 120 40 100 60 at