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Domestic Supply and Demand for an internationally traded good are given by S = p - 4 and D = 26 - p. The world

Domestic Supply and Demand for an internationally traded good are given by S = p - 4 and D = 26 - p. The world price is 5 dollars. Next month the government will introduce anan Import Tariff of 4 dollars. Calculate the efficiency loss. Round final answer to 2 decimals.

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