Quiz 5 for Topic 2 - ECON 3171 Suppose the world price for clothing is $50 per unit. Domestic demand and domestic supply are determined by the following equations: Domestic Demand: 33 = 200 (1 Domestic Supply: p = 20 -|- q where p and q represent price and quantity, respectively. 0 Q1: Calculate censumer surplus, producer surplus, government tax rev- enue (if any), and aggregate welfare for the domestic economy in autarky. 0 Q2: Calculate consumer surplus, producer surplus, and government tax revenue (if any), and aggregate welfare for the domestic economy under free trade. 0 Q3: Calculate consumer surplus, producer surplus, and government tax revenue (if any), and aggregate welfare for the domestic economy under a 100%tariff protection policy. 0 Q4: Under which of the above three regimes (autarky, free trade, tari' protection) can the doemstic economy attain the highest economic wel- being