Calculate the loss in consumer surplus, Cost Accounting

(a) Calculate the number of US imports with and without the tariff.

(b) Calculate the dead weight loss of the tariff.

(c) Calculate the loss in consumer surplus resulting from the tariff.

(d) Calculate the "terms of trade" effect of the tariff. Should the US implement this policy.

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Posted Date: 5/7/2013 9:19:40 AM | Location : United States

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