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What happens to the price after the tariff

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Reference no: EM132500486

Assume the US imposes a $10 tariff on Swedish hot tubs being imported to the US. Graph the effects of this tariff, showing the following items on the graph:

-consumer surplus

-producer surplus

-government revenue

-deadweight loss

-what happens to the price after the tariff

-what happens to quantity of supply and demand after the tariffUse letters to label the different areas on the graph where needed.

Reference no: EM132500486

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