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Refer to the diagram to the right. The closed-economy equilibrium price is $14. The world price is $6. What is the quantity of imports at
Refer to the diagram to the right. The closed-economy equilibrium price is $14. The world price is $6. What is the quantity of imports at the world price of $6? Imports = D units. (Enter your response as a whole number.) By how much will imports be reduced with the introduction of the $2 tariff? Imports decrease by D units. (Enter your response as a whole number.) How much tariff revenue is generated by the $2 addition? Tariff revenue = $D. (Enter your response as a whole number.) 10 20 3O 4O 50 60 7O 80 90 100 Quantity 99 D\
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