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Figure 7-2 Suppose the U

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Figure 7-2 Figure 7-2   Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 7-2 shows the impact of this tariff. -Refer to Figure 7-2.The loss in domestic consumer surplus as a result of the tariff is equal to A) $5 million. B) $19.875 million. C) $24.875 million. D) $31.125 million. Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 7-2 shows the impact of this tariff.
-Refer to Figure 7-2.The loss in domestic consumer surplus as a result of the tariff is equal to


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