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Business, 01.10.2019 01:00 decoreyjpaipxv

Suppose that the world price of steel is $500 per ton. now suppose that the united states imposes a 20% tariff on imported steel (as it did in 2002). what is the u. s. domestic price of steel after the 20% tariff is imposed (rounded to the nearest dollar) if exporters bear two-thirds of the tariff?

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