Question: Please help! 6. (20 pts) Show your work! For all parts a) through f) below, refer to the graph shown for a small country that

 Please help! 6. (20 pts) Show your work! For all parts

Please help!

a) through f) below, refer to the graph shown for a small

6. (20 pts) Show your work! For all parts a) through f) below, refer to the graph shown for a small country that is a price-taker internationally for this product. Assume the international supply of this product is perfectly elastic (horizontal) at a price of $1.00 per unit. $4.50 $4.00 $3.50 $3.0 $250 $2.00 $1.50 $1.00 $0.50 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 Quantity a) If there are no trade restrictions, this country will produce units. b) At the world price, they will import units. c) Starting from a free trade equilibrium, a tariff in the amount of $0.50 per unit would be expected to cause domestic consumption to change from units to units

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