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In the figure to the right, the importing country imposes a tariff that raises the domestic price from $16 to $24 but lowers the foreign

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In the figure to the right, the importing country imposes a tariff that raises the domestic price from $16 to $24 but lowers the foreign export price from $16 to $8. Price, P 48 The net welfare gain from this tariff for the importing country is 44- S O A. $36. 40- O B. $8. 36- O C. $68 32- O D. $32. 28- 24 20 16 b 12- 8 D 10 11 12 Quantity

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