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QUESTION
1.What the consumers' surplus and producers' surplus before the tariff is imposed? After the tariff is imposed? 2.How much tariff revenue is
1.What the consumers' surplus and producers' surplus before the tariff is imposed? After the tariff is imposed?2.How much tariff revenue is collected by the government?3.Does imposing the tariff cause the country's social gain to rise or fall? What is the deadweight loss?
