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The graph shows the domestic demand for and domestic supply of soybeans. Assume this country is open to international trade, that soybeans are a perfectly
The graph shows the domestic demand for and domestic supply of soybeans. Assume this country is open to international trade, that soybeans are a perfectly competitive good, and that the world price of soybeans is $
Suppose a tariff of $ is imposed. What will be the domestic price soybeans?
$
After the tariff is imposed, how many units of soybeans will be imported?
units
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