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5.A) The restaurant industry's input price have increased due to a forest fire wiping out crops, this has also reduced individuals income. Using a demand
5.A) The restaurant industry's input price have increased due to a forest fire wiping out crops, this has also reduced individuals income. Using a demand and supply to show both impacts in a single diagram including change in price, quantity, consumer, producer and total surplus. Must include diagram.
B) Who wins and losses from a Tariff? Include Diagram.
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