Using the graph, assume that the government imposes a $1 tariff on hammers. Answer the following questions given this information. 
a.What is the domestic price and quantity demanded of hammers after the tariff is imposed?
b.What is the quantity of hammers imported before the tariff?
c.What is the quantity of hammers imported after the tariff?
d.What would be the amount of consumer surplus before the tariff?
e.What would be the amount of consumer surplus after the tariff?
f. What would be the amount of producer surplus before the tariff?
g. What would be the amount of producer surplus after the tariff?
h. What would be the amount of government revenue because of the tariff?
i. What would be the total amount of deadweight loss due to the tariff?
Definitions:
Negative Emotional State
A condition of experiencing feelings such as sadness, anxiety, or anger, which negatively affects one's mood and disposition.
Freedom
The power or right to act, speak, or think as one wants without hindrance or restraint.
Self-Image
How a person sees themselves, which can encompass self-esteem, physical appearance, and personal beliefs and attitudes.
Psychological Reactance
An emotional reaction in direct contradiction to rules or regulations that threaten or eliminate specific behavioral freedoms.
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