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Refer to the interactive below: Imports and Trade GRAPH
Instructions: Manipulate the settings in ...
Refer to the interactive below: Imports and Trade GRAPH
Instructions: Manipulate the settings in the interactive tool as needed, and observe the resulting changes in the tool to answer the following questions: Suppose that in the country represented above, there is a tariff of \( \$ 25 \). The amount of imports is and the government's tariff revenue is \( \$ \) If the tariff was increased to \( \$ 130 \), the quantities supplied and demanded would adjust along their Supply and Demand curves. Imports would then be and tariff revenue would be \( \$ \) If the tariff was increased further to \( \$ 200 \), imports would be units and tariff revenue would be \( \$ \)
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