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Question 5 10 pts The figure below shows the market for shoes in the US. The domestic price line with tariff lies above the international price line. The supply and demand curve are for the domestic market for shoes. Price Domestic price with tariff World price -Da So Si Do Quantity Following the imposition of a tariff, the domestic consumer surplus by the area increases; c + d decreases; d decreases; a + b + c + d increases; b + d Question 6 10 pts The figure given below shows the market for computers in the US. The domestic price line inclusive of the tariff lies above the international price line. The demand and supply curves represent the domestic market. Price $2.400 Domestic price with tariff $2.000 World price 0 100 120 190 200 Quantity (thousands of units) Calculate the tariff revenue for the US government. $400,000 $28 million $40 million $76 million D Question 10 10 pts In the US-China trade war, the main restrictions have been centered around tariffs. However, generally non-tariff barriers are becoming increasingly popular as trade restrictions. True False