Tools ips ps Suppose Venezuela is open to free trade in the world market for soybeare. Because of Venezuela's small size, the demand for and supply of soybeans in Venezuela do not affect the world price. The following graph shows the domestic soybeans market in Venezuela. The world price of soybeans is P = $400 per ton on the following graph, use the green triangle (triangle symbols) to shade the area representing consumer surplus (CS) when the economy is at the free-trade equilibrtom. Then, use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS). Domestic Demand Domantic Supply 888888888 PRICE (Dollars par to 640 520 480 440 400 200 PS 30 25 0 60 120 150 90106 75 QUANTITY (Tons of soyban) If Venezuela allows International trade in the market for soybeans, it will import tons of soybeans Now suppose the Venezuelan government decides to impose a tariff of $40 on each imported ton of soybeans. After the tant, the price venezuelan and venezuela will import consumers pay for a ton of soybeans is tons of soybeard. Show the effects of the $40 tariff on the following graph. Show the effects of the $40 tariff on the following graph. ols Use the black Ime (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to show the consumer surplus with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DWL) caused by the tariff. 1680 Domestic Domand Domentic Supply 640 600 Wald Price PT 540 100 AND 440 400 340 Govermare Rover 200 200 60 75 90 105 120 125 150 DWL PRICE (Dollars par or 0 15 30 45 QUANTITY (Tons of soybeans) Complete the following table to summarize your results from the previous two graphs. Under Free Trade (Dollars) Under a Tariff (Dollars) Consumer Surplus Producer Surplus Government Revenue 0 Based on your analysis, as a result of the tant, Venezuela's consumer surplus by 5 and the goverment collects by producer surplus in revenue. Therefore, the net welfare effect is a