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In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The facts included in this problem are simplifications from the results of a much larger model.) Tires imported from China all are Tier 3 tires, the lowest-quality tires available in the U.S. Assume for this problem that the tariff was $20. The supply of tires from China is perfectly elastic. Domestic U.S. production of these tires is zero. Before the tariff, the price of these tires was $40. Demand is given by QD = 105 - 1.5P where QD is in millions of tires per year. Before the tariff, total surplus was $ _____.
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