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Assume the above graph represents the demand and supply of lemon juice in the United States of America. Select the most accurate answer option for
Assume the above graph represents the demand and supply of lemon juice in the United States of America. Select the most accurate answer option for each of the following questions: a) Which price level has brought on the "Lemon Juice War"? b) Which price level represents the possible response to the dumped lemon juice by the US? c) Which area would incentivise the US government to impose anti-dumping duties on lemon juice imported from South Africa? d) At which price level do US consumers pay less for lemon juice imported from South Africa than lemon juice produced in the US? e) How much extra will US consumers of lemon juice have to pay if anti-dumping duties are imposed on lemon juice imported from South Africa f) What is triangle X wasted on, if anti-dumping duties are imposed? g) Which area represents the loss to the US society if the "Lemon Juice War" continues and the US attempts to protect its local producers? Assume the above graph represents the demand and supply of lemon juice in the United States of America. Select the most accurate answer option for each of the following questions: a) Which price level has brought on the "Lemon Juice War"? b) Which price level represents the possible response to the dumped lemon juice by the US? c) Which area would incentivise the US govemment to impose anti-dumping duties on lemon juice imported from South Africa? d) At which price level do US consumers pay less for lemon juice imported from South Africa than lemon juice produced in the US?? e) How much extra will US consumers of lemon juice have to pay if anti-dumping duties are imposed on lemon juice imported from South Africa? f) What is triangle X wasted on, if anti-dumping duties are imposed? g) Which area represents the loss to the US society if the "Lemon Juice War" continues and the US attempts to protect its local producers
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