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See the picture for the questions. I suspect the answer is that there is no change in relative supply and relative demand. ( C )

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See the picture for the questions. I suspect the answer is that there is no change in relative supply and relative demand.

image text in transcribed
( C ) = Import tariff (1) = Trading partner of the country imposing tariff b) Use relative demand and relative supply curves to show the impact of introducing an (C) on the terms of trade of the (D). Use arrows to show any shifts in curves. PE and OF refer to the price and quantity of the exported good of the (D) and P, and Q1 refer to the price and quantity of the imported good. Label both the old terms of trade (superscripted 1) and the new terms of trade (superscripted 2) PEI PI 19

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