Draw a graph of the u.s. market for textiles

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The future of U.S.-India relations In May 2009, Secretary of State Hillary Clinton gave a major speech covering all the issues in U.S.-India relations. On economic and trade relations she noted that India maintains significant barriers to U.S. trade. The United States also maintains barriers against Indian imports such as textiles. Mrs. Clinton, President Obama, and Anand Sharma, the Indian Minister of Commerce and Industry, say they want to dismantle these trade barriers.

Draw a graph of the U.S. market for textiles and show how removing a tariff would change producer surplus, consumer surplus, and the deadweight loss from the tariff.

Reference no: EM131298391

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