Business, 30.10.2019 20:31 tinasidell1972

Use the black line (plus symbol) to indicate the world price plus the tariff. then, use the green points (triangle symbols) to show the consumer surplus with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (dwl) caused by the tariff.

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Use the black line (plus symbol) to indicate the world price plus the tariff. then, use the green po...

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