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test_2_001 - Use the following diagram to answer the next 2...

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Unformatted text preview: Use the following diagram to answer the next 2 questions: Price Domestic Supply World Price plus tariff I tariff . World Price Domestic Demand ti 0 Q0 Q1 Q3 Q4 Quanty C+F+G+H C+F+G (c) A+B+E (d A+ B+C+E+F+G+H @) B+C+E+F+G+H ‘Ilv In the figure shown, as a result of the tariff, consumer surplus by , producer surplus by , government tariff revenue is , and deadweight loss is increases, F + G + H, decreases, C, G, E & decreases, C + F + G + H, increases, C, G, F + H c decreases, C + F + G + H, increases, C, F + G + H, zero ‘(dL increases, C + F + G + H, decreases, C, F + G, H ...
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