Need Questions Answered

Taxation and International trade
Please answer the following questions:
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? Explain
How do the elasticities of supply and demand affect the deadweight loss of a tax? Why do they have this effect?
Describe what a tariff is and its economic effects. List five arguments often given to support trade restrictions. How do economists respond to these arguments?
Please write a 700-to-900 paper in APA Style answering all questions, and include at least 2 reputable sources.
12-pt. Times New Roman font, Double-spaced and 1” margins on all pages.
Please provide a title page including your Name, Course Number, Date of Submission, and Assignment name.
Paraphrasing of content – Demonstrate that you understand the case by summarizing the case in your own words. Direct quotes should be used minimally.

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