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the accompany diagram depicts the domestic market for automoblies. initially, there is no tariff on automobile imports and the world price is depicted by the

the accompany diagram depicts the domestic market for automoblies. initially, there is no tariff on automobile imports and the world price is depicted by the world price tariff line. domestic suppliers also rely heavily on imported automotive parts in their supply chains. the federal government announces that imported automobiles and automotive parts will now be subject to a tariff

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