Domestic produces often base their claim for import

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Q1. Assume the supply of milk also water is equally elastic, while the demand for milk is more elastic than the demand for water. Assume the government levies an equivalent amount of tax on milk also water. The deadweight loss would be larger in the marketplace for

Q2. Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages. Is this a valid argument for protection?

Q3. Elucidate how much wills GDP change if industries increase their investment by 11 billion also MCP is .8?

Reference no: EM1320668

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