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8 points total - The United States is making peanut butter cheaper for US residents by decreasing some taxes on peanut butter imports. Draw a

  1. 8 points total - The United States is making peanut butter cheaper for US residents by decreasing some taxes on peanut butter imports. Draw a graph showing how this policy choice might affect the supply and demand curves in the market for strawberry jam in the United States and explain why you think such changes would happen. Make sure you label all the axis and everything else you draw.

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