Use the following to answer questions: 
-(Figure: The Market for Laptops) Use Figure: The Market for Laptops.Assume that S and D are the domestic supply and demand curves,respectively,and the world price is PW.Identify the area of deadweight loss when a tariff raises the domestic price from the world price to PT.
Definitions:
Cocktail Party Phenomenon
The ability of individuals to focus their attention on a single conversation in a noisy environment, ignoring other conversations.
Retroactive Interference
The phenomenon where new information interferes with the ability to recall older information.
Long-Term Memory
The aspect of memory capable of storing information for prolonged periods, ranging from a few minutes to a lifetime.
Retroactive Inhibition
The phenomenon where newer memories interfere with the recall of older memories.
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