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Imagine a government is thinking about reducing a tariff on the importation of sneakers by half. Using an appropriate graph, show the price, quantity and

Imagine a government is thinking about reducing a tariff on the importation of sneakers by half. Using an appropriate graph, show the price, quantity and welfare effects of this tariff cut. What would you say if domestic producers argue that, with such a policy in place, they would have to fire employees in their companies?

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