QUESTIONS APPLY TO GRAPH 28. Suppose IP is the international trade price and this country's government imposes a $3 tariff on imports of this good, what will be the net loss to this economy? 29. Suppose IP is the international trade price and this country's government imposes a $3 tariff on imports of this good, how much revenue will the government collect? 30. Suppose IP is the international trade price and this country's government imposes a 6 unit quota on imports of this good, what will be the net loss to this econo

ENGR.ECONOMIC ANALYSIS
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ALL QUESTIONS APPLY TO GRAPH

28. Suppose IP is the international trade price and this country's government imposes a $3 tariff on imports of this good, what will be the net loss to this economy?

29. Suppose IP is the international trade price and this country's government imposes a $3 tariff on imports of this good, how much revenue will the government collect?

30. Suppose IP is the international trade price and this country's government imposes a 6 unit quota on imports of this good, what will be the net loss to this economY? 

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Transcribed Image Text:25 20 15 10 5 P a b cd Sd- P* IP Dd 0 0 3 6 9 12 15 18 21 24 Q
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