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Suppose a good sold in the domestic market at the world price of $4. Suppose further that the domestic government decided to impose a tariff

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Suppose a good sold in the domestic market at the world price of $4. Suppose further that the domestic government decided to impose a tariff of $2 as shown. Finally, suppose that the domestic price of the good rose to $5. What (in dollar terms) is the net effect on the domestic economy? Price us supply curve world price + tariff world price before tariff world price after tariff us demand curve 100 200 400 450 Quantity

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