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Suppose that the equations S = 2P and D = 6 - P represent a small country's home supply and home demand curves.
Suppose that the equations S = 2P and D = 6 - P represent a
small country's home supply and home demand curves. If the
government imposed a 50% tariff on imports, how much
revenue would it collect as a result of the tariff? (Note: It is
possible to consume partial units of this product, such as 2.5
units.)