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draw a graph showing how a tariff on imported Matcha tea leaves from Japan would produce the following results for a Starbucks customer and a
draw a graph showing how a tariff on imported Matcha tea leaves from Japan would produce the following results for a Starbucks customer and a Starbucks store located in Lincoln, Nebraska. (Hint: draw the graph large enough to incorporate labels for free trade and the impact of the tariff):
- the domestic price increases
- imports are reduced
- the domestic producer surplus increases
- the consumer surplus is reduced
- the total surplus is reduced
- 2. Clearly label all axes, lines, and areas
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