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Using a model of supply and demand, illustrate (by drawing graphs) the effect of a new tariff on the price of a product. Did the

Using a model of supply and demand, illustrate (by drawing graphs) the effect of a new tariff on the price of a product. Did the author consider both supply and demand, or just one side of the market? Explain.

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How New Tariffs Could Affect Everlane's Prices Women's cashmere sweater Cost of production Current Profit and freight import tariff margin Current $100 retail price After tariffs $124 . tariff Men's chino pants Women's ankle-length slacks Current After tariffs Women's cotton sweater Current After tariffs 60

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