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Refer to Exhibit 34-11. P W is the price that exists in the market before a tariff is imposed and P W + T is the price that exists in the market...

Refer to Exhibit 34-11. PW is the price that exists in the market before a tariff is imposed and PW + T is the price that exists in the market after a tariff is imposed. As a result of the tariff, producers' surplus __________ by the area __________.

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