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-(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from P_W to P_T and there's a net _____ to the total surplus of _____.

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-(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from P_W to P_T and there's a net _____ to the total surplus of _____.

Quizplus · Accepted Answer

A tariff typically reduces total surplus by creating deadweight loss, represented by areas I and K in the context of a supply and demand diagram.

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