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Compare each of the market conditions before and after the export tax of $1 per bushel in the following table. (Note: Assume China is open
Compare each of the market conditions before and after the export tax of $1 per bushel in the following table. (Note: Assume China is open to trade in both scenarios.) Before Export Tax After Export Tax (Millions of dollars) (Millions of dollars) Domestic Consumer Surplus I I Domestic Producer Surplus I I Government Revenue I I Total Chinese Welfare
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