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Sa + Q Pa Price Pt G H K Dd V W X Z Quantity Refer to the diagram, where So and Do are the
Sa + Q Pa Price Pt G H K Dd V W X Z Quantity Refer to the diagram, where So and Do are the domestic supply and demand for a product and P is the world price of that product. A tariff of PP: will: O increase the revenues of domestic producers by areas G + H. O lower domestic price and increase domestic consumption. O increase the revenues of domestic producers by areas E + F + G + H + J. O increase the revenues of domestic producers by areas E + F + K
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