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Suppose French wine suddenly becomes popular in the United States. How does this a?ect the price...

Suppose French wine suddenly becomes popular in the United States. How does this a?ect the price and quantity of imports of French wine? Suppose the U.S. wine industry lobbies for protection. If the government imposes a tari? to restore the original quantity of imports, what will happen to the price of French wine in the United States? Show how much tari? revenue the government will collect.

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