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(a) Using a product of your own choice, discuss the impact of a tariff on the market for the good. You are required to use

(a) Using a product of your own choice, discuss the impact of a tariff on the market for the good. You are required to use TWO (2) diagrams to show the situation before tariff is used and after the imposition of tariff. (12 marks)

(b) Explain THREE (3) rationales for a country to impose protectionist trade barriers. (8 marks)

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