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A tariff raises the price of the product on which the tariff has been placed, decreases consumers' ...

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A tariff raises the price of the product on which the tariff has been placed, decreases consumers' ...

A tariff raises the price of the product on which the tariff has been placed, decreases consumers' surplus, increases producers' surplus, and generates tariff revenue for the government.

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Economics

Edition: 12^th

Author: Arnold

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