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1.Your government just imposed a 45% import tariff on a product. After investigation, you find that the domestic supply curve of the product is perfectly
1.Your government just imposed a 45% import tariff on a product. After investigation, you find that the domestic supply curve of the product is perfectly inelastic. Which one of the following goals may be achieved by this import tariff?
A)Protecting domestic jobs in this industry
B)Protecting domestic consumers' welfare
C)Protecting domestic producers' welfare
Protecting the domestic environment
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