How the tax affects the market for roquefort cheese

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Reference no: EM13246387

At the beginning of the 2000s, the United States imposedhigh import taxes on a number of European goods due to a tradedispute. One of these goods was Roquefort cheese. Show how this tax affects the market for Roquefort cheese in the United States,shifting the appropriate curve and indicating a new equilibriumquantity and market price.

Reference no: EM13246387

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