answer both parts for thumbs up please

1 part a)Take a look at the following goods market for fidget spinners. The government has assigned a tax in an effort to decrease public annoyance. The following graph gives the following supply and demand curves. : =100 : = i) Apply a $10 tax to the goods market, graphically. ii) Calculate the tax revenue. Indicate which portion is paid by producers and which portion is passed on to consumers. iii) calculate the new consumer surplus iv) calculate the new producer surplus v) will this tax cause dead weight loss?

2 part b) Consider the following example of the steel industry. In this example indicates the domestic supply curve for firms in the US and indicates the supply curve for the world. The US is considering protecting the US steel industry and prohibiting the importation of steel.

i) Calculate the consumer surplus, (domestic) producer surplus and total surplus if the US prohibits the importation of steel. ii) Calculate the consumer surplus, (domestic) producer surplus and total surplus if the US does not prohibit the importation of steel.

iii) Only considering total surplus, should the US prohibit the importation of steel

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