Answer the following questions with specific explanations

D Question 7 A small country's demand curve is given by Q=36-2P and its supply curve is given by Q=4P-12. Assume the world is currently in free trade and that the price under free trade is $4. What is the size of the import quota that, when introduced, would be equivalent (i.e. have the same impact on price and quantity) to the introduction of a $2 specific import tariff? O 13 O 12 26 O 35 D Question 8 implements a $2 specific import tariff? A small country's demand curve is given by Q=36-2P and its supply curve is given by Q=4P-12. Assume the world is currently in free trade and that the price under free trade is $4. What will be the government revenue if this country O 26 O 39 O 78 O 24D Question 9 A small country's demand curve is given by Q=36-2P and its supply curve is given by Q=4P-12. Assume the world is currently in free trade and that the price under free trade is $4. What is the prohibitive specific import tariff for this economy (i.e. the tariff that would reduce net exports to zero)? 0 5 O 8 0 4 0 6 D Question 10 The rule of the WTO on general elimination of quantitative restrictions means that all WTO members can impose new export subsidies but have to notify all the affected parties O none of WTO members can use export subsidies O WTO members generally cannot use import quotas as an instrument of trade policy O WTO members cannot set a tariff lower for one of their trade partner relative to their other trade partners