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Consider the following diagram. Note that Q is measured in 1,000s. With the tariff, the government collects 50,000 $60,000 $220,000 $100,000 P S $20 $15

Consider the following diagram. Note that Q is measured in 1,000s.

With the tariff, the government collects

50,000

$60,000

$220,000

$100,000

P S $20 $15 Pworld + Tariff $10 P world D 10 15 20 25 30

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