Question: Question 3 1 pts Information for questions 1-5 The graph below shows the supply and demand for soybeans in a certain country. The world price



Question 3 1 pts Information for questions 1-5 The graph below shows the supply and demand for soybeans in a certain country. The world price of soybeans is $2.00 per bushel, and this importing country is small enough not to affect the world price. The government places a tariff of $0.25 per bushel on soybean imports. For all questions, enter a whole or decimal number, as appropriate. Enter O if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations. Note that quantities are in millions, but don't enter the 6 zeros to make it into millions. So, if the answer were 13 million, enter 13, not 13000000. If the answer were $13 million, also enter 13 (that is, don't enter the dollar sign). $ 2 25 2.00 World price D 60 70 130 140 Q/millions bushels Calculate the change in consumer surplus when the tariff is levied. Enter a positive number if it is a gain in consumer surplus, and a negative number if it is a loss in consumer surplus 2.25 2.00 World price D 60 70 130 140 Q/millions bushels Calculate the consumer surplus after the tariff is levied. 1 pts 2.25 2.00 World price D 60 70 130 140 Q/millions bushels Calculate the deadweight loss of this tariff. Enter a positive number, even though it is a loss
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