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Answer to Question #219643 in Microeconomics for Himani

Question #219643
Suppose that BJP imposes a tariff on imported autos to protect Indian auto industry from foreign competition. Assuming that India is a price taker in the world auto market , shown on a diagram : change in quantity of imports, loss of Indian consumers, gain to indian manufacturers, government revenue, dead weight loss associated with tariff.
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2021-07-22T13:16:35-0400

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