Question: QUESTION 9 This figure shows demand and supply for a product in country A, which is interested in engaging in international trade, The Import price

QUESTION 9 This figure shows demand and supply for a product in country A, which is interested in engaging in international trade, The Import price from country B is $3 and from country C is $4. Country A imposes a fixed tariff of $2 per unit of import. Answer the following questions based on these assumptions Demand Based on information provided in the figure above, if country A decides to enter into a free trade agreement with country C, the welfare change to consumers will be the area 4, loss of GHSR b gain of CHER gain of GHFE diloss of GHFEEligaging in international trade uilit of import. Answer the following questions based Price Demand 10 Supply 3 Based on information provided in the figure above, if country A decides to enter into a free trade agreement with country C be the area: Ca. loss of GHSR O b. gain of GHSR c. gain of GHFE d. loss of GHFE

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