Consider the market for ethanol in the United States depicted in the figure to the right. Assume the world price of ethanol is $0.90 per gallon, and at that price the United States can buy as much ethanol as it wants without causing the world price to rise.
Now suppose a tariff of $0.80 is imposed by the government.
![944_market for ethanol.jpg](https://secure.tutorsglobe.com/CMSImages/944_market%20for%20ethanol.jpg)
- What is the dollar amount of the change in consumer surplus as a result of the tariff?
- What is the dollar amount of the change in producer surplus as a result of the tariff?
- What is the dollar amount of the dead weight loss?