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Social Studies, 27.09.2019 23:00 91miketaylor
Asmall country is considering imposing a tariff on imported wine at the rate of $5 per bottle. economists have estimated the following based on this tariff amount: world price of wine (free trade): $20 per bottle domestic production (free trade): 500,000 bottles domestic production (after tariff): 600,000 bottles domestic consumption (free trade): 750,000 bottles domestic consumption (after tariff): 650,000 bottles the imposition of the tariff on wine will cause the surplus of the domestic consumers to by
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Asmall country is considering imposing a tariff on imported wine at the rate of $5 per bottle. econo...
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