Given the following information about the domestic supply and demand for T-shirts, graph domestic supply and demand and then answer three questions about trade and trade barriers.

Domestic Supply and Demand for T-Shirts
Price ($) $ 15 $ 13 $ 11 $ 9 $ 7 $ 5 $ 3 $ 1
Quantity supplied 8 7 6 5 4 3 2 1
Quantity demanded 2 4 6 8 10 12 14 16
Graph these market conditions.

Instructions: Use the tools provided 'S' and 'D' to plot the domestic supply and demand curves (plot 8 points for each curve, 16 points total).



Instructions: Enter your responses as a whole number.

Identify the following when there is an absence of trade:
the market price: $
domestic consumption:
T-shirts
domestic production:
T-shirts
Now suppose that foreigners enter the market, offering to sell an unlimited supply of T-shirts for $5 apiece. Now with free trade, identify the following:
the market price: $
domestic consumption:
T-shirts
domestic production:
T-shirts
If a tariff of $2 per T-shirt is imposed, with this trade barrier, identify the following:
the market price: $
domestic consumption:
T-shirts
domestic production:
T-shirts