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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 102

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. According to the graph shown,if the economy were operating under free trade and then imposed a tariff,the overall impact on surplus would be a net: A) gain of IJKL. B) loss of IJKL. C) loss of IL. D) gain of FGHIJKL. According to the graph shown,if the economy were operating under free trade and then imposed a tariff,the overall impact on surplus would be a net:


A) gain of IJKL.
B) loss of IJKL.
C) loss of IL.
D) gain of FGHIJKL.

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