Question: Please help me solve problems a to i 2. Suppose that Economica is a large country. Use the domestic supply and domestic demand curves from

 Please help me solve problems a to i 2. Suppose that

Please help me solve problems a to i

Economica is a large country. Use the domestic supply and domestic demand

2. Suppose that Economica is a large country. Use the domestic supply and domestic demand curves from the top of the page to calculate the import demand curve. The export supply curve is as follows Price Quantity G 0 2G 90 4D 13D 50 27D SD 35D a. Graph the import demand and export supply curves b. Now assume that Economica imposes a 52G per barrel tariff on oil imports. Graph the effect of the tariff on export supply curve. Use your graph to calculate the following {provide numerical answers. You will need to graph accurately} the price of oil in Economica the price of oil in the Rest of the World The change in consumer surplus Tariff revenue Deadweight loss in Economica the terms of trade EEWMW Total surplus (consumer, producer and government} in Economica Bonus. Deadweight loss in the rest of the world H-D'Lthmn

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