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answer this Question 24: Consider the following figure showing domestic demand and supply for TVs. The world price is $500. Price 1,000 -Domestic supply 500

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Question 24: Consider the following figure showing domestic demand and supply for TVs. The world price is $500. Price 1,000 -Domestic supply 500 Domestic demand 50 100 Quantity of TVs (in thousands) If the government imposes a tariff of $100 per imported TV what is the Deadweight loss from productive inefficiency? What is the Deadweight loss from underconsumption? What is government tariff revenue

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