Please answer the question correctly and according to the rules mentioned in the question.

Q4 (5 points) Oil is initially sold in an open, perfectly competitive market. Domestic oil producers are willing to supply oil according to the supply function P(Q s ) = 38 + =Q and domestic consumers demand oil according to the function P(QD ) =192 - =Q, where P represents the cost in dollars per barrel and Q is measured in thousands of barrels. 363,000 barrels (Q = 363) are imported when the market is perfectly competitive. Later, the government imposes an import tariff that causes domestic supply to increase by 30,000 barrels (increase in Q by 30). Calculate the loss of market efficiency and the tariff revenues generated as a result of the import tariff. Don't forget to convert your answer to reflect the units appropriate to this problem. . To receive full marks, you must illustrate a graph with areas clearly labeled with letters so the TA can follow your work and calculations. . Refer to the lettered-areas when you calculate the "new" and "original" scenario. For example, if the problem asks you to quantify the change in CS, you should derive ACS = CSnew - CSold, instead of just identifying ACS. . Only one numerical calculation for the area of lettered-areas of the graph is required for the