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An island economy imports milk. Demand is D = 24 - 2p, Supply is S = 2p and the world price is equal to 1

An island economy imports milk. Demand is D = 24 - 2p, Supply is S = 2p and the world price is equal to 1 dollar per litre. Next month the governor will implement a tariff of 1 per litre on milk imports. The Efficiency Loss will be equal to _______ dollars.

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