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Show how Home benefits from a small tariff. Explain and give the details.(Hint:use the labeled areas to identify gains and losses). Relate to the terms

Show how Home benefits from a small tariff.Explain and give the details.(Hint:use the labeled areas to identify gains and losses). Relate to the terms of trade.

PRICE EXCESS DEMAND and ES - FOREIGN EXCESS SUPPLY IA B H C IG L - D K E ED - HOME F ED with tariff QUANTITY TRADED

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