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Consider an importing with an import demand function given by p=120-q, which faces an export supply...

Consider an importing with an import demand function given by p=120-q, which faces an export supply function of p=2q. The governent decides to impose a traiff of $3 per units of imports 1. calculate the Domestic Price and consumption before and after the imposition of traiff. 2. What is the world price of the imprts before and after the imposition of the traiff? 3. Does this country benefit from the imposition of traiffs? By how much?

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