Questiоn 2 The tаble belоw depicts the United Stаtes’ mаrket demand and supply fоr insulin. PRICE QUANTITY OF INSULIN DEMANDED QUANTITY OF INSULIN SUPPLIED $0.20 140,000 doses 50,000 doses $0.40 130,000 doses 70,000 doses $0.60 120,000 doses 90,000 doses $0.80 110,000 doses 110,000 doses $1.00 100,000 doses 130,000 doses Part (i): Refer to the table above. Suppose that the world price of insulin is $0.40 per dose. How many doses of insulin will the United States produce? How many units will be consumed domestically? Part (ii): Refer to the table above. Suppose that the world price of insulin is $0.40 per dose. Will the United States import or export insulin? How many units? Part (iii): Refer to the table above. Suppose that the world price of insulin is $0.40 per dose, and the government imposes a $0.20 tariff per dose. How many doses of insulin will the United States produce? How many units will be consumed domestically? Part (iv): Refer to the table above. Suppose that the world price of insulin is $0.40 per dose, and the government imposes a $0.20 tariff per dose. Will the United States import or export insulin? How many units?