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The following graph shows the domestic demand for and supply of oranges in Zambia. The world price (PW) of oranges is $550 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 oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars per ton) 830 Domestic Demand Domestic Supply 795 760 725 690 655 620 585 550 515 P W 480 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges. Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of S achieve this. A tariff set at this level would raise S in revenue for the Zambian government. per ton will

The following graph shows the domestic demand for and supply of oranges in Zambia. The world price (PW) of oranges is $550 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 oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars per ton) 830 Domestic Demand Domestic Supply 795 760 725 690 655 620 585 550 515 P W 480 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges. Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of S achieve this. A tariff set at this level would raise S in revenue for the Zambian government. per ton will

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter12: The Partial Equilibrium Competitive Model
Section: Chapter Questions
Problem 12.8P
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I need help figuring this out. I'm pretty sure this is correct?
If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges.

I can't figure these two out:

1) Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of ???? per ton will achieve this.
 
2) A tariff set at this level would raise ????in revenue for the Zambian government.
The following graph shows the domestic demand for and supply of oranges in Zambia. The world price (PW) of oranges is $550 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 oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars per ton) 830 Domestic Demand Domestic Supply 795 760 725 690 655 620 585 550 515 P W 480 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges. Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of S achieve this. A tariff set at this level would raise S in revenue for the Zambian government. per ton will
Transcribed Image Text:The following graph shows the domestic demand for and supply of oranges in Zambia. The world price (PW) of oranges is $550 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 oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars per ton) 830 Domestic Demand Domestic Supply 795 760 725 690 655 620 585 550 515 P W 480 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges. Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of S achieve this. A tariff set at this level would raise S in revenue for the Zambian government. per ton will
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