Use the graph below and the following information to answer the next question(s). The world price of soybeans is $5.00 per bushel, and the importing country is small enough not to affect the world price. Suppose the government puts a tariff of $1.00 per bushel on soybean imports. How much will be total deadweight loss? 6 60 70 O $ 20 million O $ 80 million S O $60 million O $ 30 million 130 140 Q/millions bushels 8 World price

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