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Queeon 3 {15 points): The diagram below shows the situation of a small countryr with free-trade in an imported product {at a price of $5}

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Queeon 3 {15 points): The diagram below shows the situation of a small countryr with free-trade in an imported product {at a price of $5} and the situation with a tariff on the product (at a price of SIS}. Using the information on the above graph, answer the following questions: 3. h. c. {3 points] What is the total amount of tariff revenue collected by the government when the tariff is in place? {5 points} What is the total deadweight loss associated with the tariff imposition? {'3' points} Suppose that a suhsidjlr to import-competing producers is given instead of a tariff being imposed. The sohsidjlr is set to generate the same amount of domestic production of the good as occurred under the tariff. How much would the government spend in subsidies in this case? What would he the net welfare loss to the country in this situation

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