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

2. 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’

3. 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

4. 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’

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

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

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

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

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

10. Consumer’s Loss (-)

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

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

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