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Business, 26.06.2020 15:01 reaganphelps3

You are given the following information pertaining to large country B with respect to good W (which is produced at home and also imported), both under free trade and with a $10.00 import tariff in place: domestic price of W under free trade $40 world price of W (i. e., price of W from rest-of-the- world) under free trade $40 domestic price of W after imposition of tariff $44 world price of W (i. e., price of W from rest-of-the- world after imposition of tariff $34 domestic production of W under free trade 80 units domestic production of W after imposition of tariff 94 units domestic consumption of W under free trade 120 units domestic consumption of W after imposition of tariff 112 units Given this information, and assuming that demand and supply curves are straight lines, what is the loss of consumer surplus in country B that occurs because of the imposition of the tariff

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