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Refer to Figure 20minus1. Suppose Upper P 0 is the world price and Canada imports refrigerators. Suppose the Canadian government then responds to political pressure

Refer to Figure 20minus1. Suppose Upper P 0 is the world price and Canada imports refrigerators. Suppose the Canadian government then responds to political pressure from domestic refrigerator manufacturers and imposes a tariff high enough that all imports are eliminated. As a result of this tariff, the price and quantity of refrigerators in Canada will be, respectively

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