The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. If this economy goes from free trade to imposing an $8 per unit tariff:total surplus will fall by $28,000.imports will fall by 7,000.producer surplus will increase by $36,000.

Question

The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.  If this economy goes from free trade to imposing an $8 per unit tariff:total surplus will fall by $28,000.imports will fall by 7,000.producer surplus will increase by $36,000.

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The Answer of The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.  If this economy goes from free trade to imposing an $8 per unit tariff:total surplus will fall by $28,000.imports will fall by 7,000.producer surplus will increase by $36,000.

The Graph Shown Demonstrates the Domestic Demand and Supply for a Good