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7. Explain the Welfare Effects of a Tariff imposed by a LARGE country. a. Graph a market (supply and demand curves) which shows a country importing a product. Show the prices and quantities and level of imports. Label everything. b. Using this graph, impose a tariff that changes the price. Show Iwhat this does to the level of imports. Then show and explain all the different GAINS and LOSSES. Remember this is a LARGE country. c. Explain if a tariff is a net GAIN or LOSS for this LARGE Country