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Example A country assembles Autos with imported engines, without tariff, the price of an imported engine costs USD50, other parts produced domestically costs USD50, produced
Example A country assembles Autos with imported engines, without tariff, the price of an imported engine costs USD50, other parts produced domestically costs USD50, produced Auto's price is USD150. Let's assume that if an auto is charged 80% tariff(no tariff on engine), please calculate ERP on Auto industry. (240%) Additionally, if the engine is charged 50% tariff, what's the ERP afterwards. (190%)
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