The us imports car tires from china in 2009 the


The US imports car tires from China. In 2009, the administration imposed a 35% tariff on imported tires. Draw a supply-demand diagram depicting the impact of a $35 tariff on a $100 tire. Remember to indicate tax revenue, deadweight loss, and consumer & producer surplus in the US before & after the tariff.

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Business Economics: The us imports car tires from china in 2009 the
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