Price Supply (Domestic) Pt Pf Demand (Domestic) Quantity.

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Presentation transcript:

Price Supply (Domestic) Pt Pf Demand (Domestic) Quantity

Price Supply (Domestic) Demand (Domestic) Ss Sd Ss’ Quantity Sd’ World Price in Japan with Tariff Pt World Price/Supply Pf Demand (Domestic) Ss Sd Ss’ Quantity Sd’

Price Supply (Domestic) Demand (Domestic) Ss Sd Ss’ Quantity Sd’ World Price in Japan with Tariff Pt tariff World Price/Supply Pf Import Quantity with Free Trade Demand (Domestic) Ss Sd Ss’ Quantity Sd’ Domestic Production

Price Supply (Domestic) Demand (Domestic) Ss Sd Ss’ Quantity Sd’ World Price in Japan with Tariff Pt tariff World Price/Supply Pf Import Quantity with Tariff Demand (Domestic) Ss Sd Ss’ Quantity Sd’

Price Supply (Domestic) CS Demand (Domestic) Quantity World Price in Japan with Tariff Pt World Price/Supply Pf Demand (Domestic) Quantity

Price Supply (Domestic) PS Demand (Domestic) Quantity World Price in Japan with Tariff Pt World Price/Supply Pf PS Demand (Domestic) Quantity

Consumer’s Loss from Tariff Price Supply (Domestic) CS’ World Price in Japan with Tariff Pt World Price/Supply Pf Demand (Domestic) Quantity

Producer’s Gain from Tariff Price Supply (Domestic) World Price in Japan with Tariff Pt PS’ World Price/Supply Pf Demand (Domestic) Quantity

Government Revenue from Tariff Price Supply (Domestic) World Price in Japan with Tariff Pt Gov’t Rev World Price/Supply Pf Demand (Domestic) Quantity

Consumer’s Loss (-)

Producer’s Gain (+) Consumer’s Loss (-)

Producer’s Gain (+) Consumer’s Loss (-) Government Revenue (+)

Net Loss of Tariff to Importing Country Net Loss to Society or Deadweight Loss (DWL)

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