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Suppose a country is large in the market for a particular good. There, the demand is...

Suppose a country is large in the market for a particular good. There, the demand is D = 9000 - 30P and the supply is S = -1000 + 10P. Moreover, when there is trade, this country is an importer, the import demand being MD = 10000 - 40P and the export supply being XS = -3000 + 60P.

1. What is the welfare change caused by a 50 dollar tariff?

2. What is the welfare change caused by a 175 dollar tariff?

3. What is the prohibitive tariff rate?

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