Who pays the rest of the tariff amount

Reference no: EM132122005

Question: From the Work It Out "Effects of Trade Barriers," you can see that a tariff raises the price of imports. What is interesting is that the price rises by less than the amount of the tariff. Who pays the rest of the tariff amount? Can you show this graphically? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132122005

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