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econ question Given the following information, suppose a small country imposes 20 percent import tariff on personal computers. Pis> Supply 32400 $2000 Demand QM 100

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econ question

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Given the following information, suppose a small country imposes 20 percent import tariff on personal computers. Pis> Supply 32400 $2000 Demand QM 100 120 140 150 price of computers (free trade) $2,000 domestic production (free trade) 100,000 domestic production (after tariff) 120,000 domestic consumption (free trade) 150,000 domestic consumption (after tariff) 140,000 Refer to the figure above. The total deadweight loss from the import tariff would be Select one

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