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imagine the world price for a pound of beef is $8 and the Canadian domestic price is $12. If Canada imposes a $3 tariff on
imagine the world price for a pound of beef is $8 and the Canadian domestic price is $12. If Canada imposes a $3 tariff on beef then Canadian consumers now pay $ for beef and Canadian sellers receive $ for beef. This tariff will rais in the market for beef in Canada
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