What is the value of the gain to the domestic consumers due to the removal of the tariff?
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What is the value of the gain to the domestic consumers due to the removal of the tariff?
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Using the diagram you constructed in question 1, answer the following questions. (question was asked just a few minutes ago)
a) What is the value of the gain to the domestic consumers due to the removal of the tariff?
b) What is the value of the loss to the domestic producers due to the removal of the tariff?
