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4.Assume that the Malaysian government imposes an import duty to the imported cars: Explain and calculate the following effects by drawing an appropriate graph: a)
4.Assume that the Malaysian government imposes an import duty to the imported cars: Explain and calculate the following effects by drawing an appropriate graph:
a) Redistributive effect
b) Protective effect
c) Consumption effect
d) Revenue effect
e) Price of the goods
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