I need help with this question please •LO>>de?BMindTap - Cengage Learning X +Marvin ✓My HomeCourses✰ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9780357133606&id=1834966754&snapshotld=3545333&Catalog and Study ToolsRental OptionsCollege Success TipsCareer Success TipsHelpGive FeedbackType here to searchCENGAGE MINDTAPHomework (Ch 09)4. Effects of a tariff on international tradeThe following graph shows the domestic demand for and supply of maize in Bangladesh. The world price (Pw) of maize is $250 per ton and isdisplayed as a horizontal black line. Throughout the question, assume that all countries under consideration are small, that is, the amount demandedby any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with internationaltrade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place.PRICE (Dollars per ton)450425400375350325300275250225200Domestic Demand]0[ī110 50 100HDomestic Supplya150 200 250 300 350 400 450 500QUANTITY (Tons of maize)99+PWР?OHu...IQ Search this courseX11:03 AM10/27/2023X⠀?A-ZbongoA+O •LO>>de?BMindTap - Cengage Learning X +Marvin ✓My HomeCourses✰ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9780357133606&id=1834966754&snapshotld=3545333&Catalog and Study ToolsRental OptionsCollege Success TipsCareer Success TipsHelp«Give FeedbackType here to searchCENGAGE MINDTAPHomework (Ch 09)PRICE (Dollars per ton)450 Domestic Demand4254003753503253002752502252000+50I|1|ITA tariff set at this level would raiseDomestic Supply100 150 200 250 300 350 400 450 500QUANTITY (Tons of maize)If Bangladesh is open to international trade in maize without any restrictions, it will import+ISuppose the Bangladeshi government wants to reduce imports to exactly 200 tons of maize to help domestic producers. A tariff ofwill achieve this.aPW99+in revenue for the Bangladeshi government.Рtons of maize.per tonHu...IQ Search this courseXGoogle Drive11:03 AM10/27/2023X⠀?A-ZbongoA+

This can be defined as concept that shows tools of the government to protect the domestic small…

The following graph shows the domestic demand for and supply of maize in Bangladesh. The world price (Pw) of maize is $250 per ton and is displayed as a horizontal black line. Throughout the question, assume that all countries under consideration are small, that is, the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place.