If Canada imposes a tariff of $1 per imported shirt, the tariff

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When Canada imposes a tariff of $1 per imported shirt, all of the above effects will occur. It will raise the price of the shirt to Canadian consumers, benefit Canadian shirt producers, decrease imports of shirts into Canada, and create a social loss. The social loss happens because the tariff increases the overall cost of importing shirts and reduces the surplus that would have been generated by free trade.

If Canada Imposes a Tariff of $1 Per Imported Shirt