(Figure: Home Market II) The foreign producers in the figure absorbed Price $25 $20 $15 o 55 O $10 10% $8 10 20 8 40 Quantity P+ .pw P of the overall tariff.

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(Figure: Home Market II) The foreign producers in the figure absorbed
Price
$25
$20
$15
O $5
O $10
10%
O $8
10 20
30 40
D
Quantity
------ P+1
pw
--- P
of the overall tariff.
Transcribed Image Text:(Figure: Home Market II) The foreign producers in the figure absorbed Price $25 $20 $15 O $5 O $10 10% O $8 10 20 30 40 D Quantity ------ P+1 pw --- P of the overall tariff.
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