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Assume that Sapello is a labor abundant country and that Pojoaque is capital abundant. Further assume chili production is lab
b. Using a supply and demand graph show the welfare effects of a tariff in Sapello on chilis from Pojoaque. Point out where s
(1 point) How would Sapellos welfare story change if an equivalent quota (instead of the tariff in question 1a) was placed o
(1 point) Suppose that Sapello does enact a tariff on Pojoaque (as described in 1a), and that Sapello had previously granted
8. (5 points) Suppose the domestic demand and supply for wine in Sapello are given by: P-500-10Qp: Demand p-60+10Q,: Supply a
Suppose Sapello imposes a tariff of C30. What are the levels of domestic production, consumption and imports? Is the revenue
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Answer #1

An tovesf aton data!- demand graph nne o 3uhen a t imposed on tine tho peoplb Ccanpla iontCi ne Suppy inConsamplion mand buto ain O,t to Supellothe Local ofits at ncrcaned iceS -)-Hrus -Re acte.cul Corsamlion c-41, ว omeNo Same bat to Sapell o pace cons .

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