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Read the article below: https://www.awe.gov.au/abares/research-topics/trade/understanding-chinas-tariff-on-australian-barley What is the Economic concept applied? Draw a diagram such like below to explain the article. 3,200 3,000 Domestic supply

Read the article below:

https://www.awe.gov.au/abares/research-topics/trade/understanding-chinas-tariff-on-australian-barley

What is the Economic concept applied?

Draw a diagram such like below to explain the article.

image text in transcribed
3,200 3,000 Domestic supply 2,800 2,600 2,400 2,200 E 2,000 Price of computers 1,800 World price 1,600 Tariff plus tariff 1,400 World price 1,200 1,000 Domestic demand 800 1,400 1,600 1,800 2,000 2,200 2,400 2,600 Quantity of computers (per year)

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