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Suppose home country imposes a tariff t on imports as shown in the graph below. The loss of consumer surplus in this country is Home

Suppose home country imposes a tariff t on imports as shown in the graph below. The loss of consumer surplus in this country is Home market World market Price Price $36 $30 $26 20 40 80 100 Quantity 40 80 Imports O $540. O $480. O $160. O $600

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