need help with a micro question please -

THIS QUESTION ISN'T MISSING INFO

Feedback X + V X C learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15528545_1/overview/attempt/_542527_1/review/inline-feedback?atte... G Q Microeconomics - ECON-1000-RLB X Assignment 2 (10%) New Group 5 Your instructor has overridden the calculated test grade Final Grade Submitted 4/12/23, 2:11 AM (EDT) 0 / 100 INSTRUCTIONS Feedback Work is due in soft copy at the beginning of the class on the due date. You have to submit the assignment in the assignment section of Blackboard. You must perform this assignment in groups of 5-6 students. Type your answers in Microsoft Word. Ensure that you complete all the parts to all questions and follow the organization suggested by Group Individual each question. I recommend that you use Microsoft Excel to perform calculations and prepare data tables for a presentation where applicable. EVALUATION Feedback for group Assignment 1 will be graded out of 100 marks and is worth 10% of your course grade. Work not submitted at the beginning of the class on the due date will earn a grade of zero. 4/17/23, 10:31 AM Question 1- Chapter 9 ( 20 marks) Great Work Shivam! All the Questions are answered effectively. The 1. Assume that Canada is an importer of televisions and that there are no trade restrictions. Canadian consumers buy 1 million televisions per year, of which 400 000 are assignment is written well and diagrams are clear produced domestically and 600 000 are imported. (20 marks) and all answers are correct. 1. Suppose that a technological advance among Japanese television manufacturers causes the world price of televisions to fall by $100. Draw a graph to show how this Keep up the good work! change affects the welfare of Canadian consumers and Canadian producers and how it affects total surplus in Canada. b. After the fall in price, consumers buy 1.2 million televisions, of which 200 000 are produced domestically and 1 million are imported. Calculate the change in consumer surplus, producer surplus, and total surplus from the price reduction. c. If the government responded by putting a $100 tariff on imported televisions, what would this do? Calculate the revenue that would be raised and the deadweight loss. Would it be a good policy from the standpoint of Canadian welfare? Who might support the policy? Who might oppose it? d. Suppose that the fall in price is attributable not to technological advance but to a $100 per television subsidy from the Japanese government to Japanese industry. How would this affect your analysis? 37.F ENG Cloudy Q Search CH 8:37 PM UK 4/18/2023 1