Image: Effect of Import Tariff - v1
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Description: Diagram showing effects of import tariff, which hurts domestic consumers more than domestic producers are helped. Higher prices and lower quantities reduce consumer surplus by A+B+C+D, while expanding producer surplus by A and government revenue by C. Areas B and D are deadweight losses, surplus lost by consumers and overall.
Title: Effect of Import Tariff - v1
Credit: Own work
Author: Farcaster
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License: CC BY-SA 4.0
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