The accompanying table shows the U.S. domestic demand
schedule and domestic supply schedule for oranges. Suppose
that the world price of oranges is $0.30 per orange.
Suppose that the U.S. government imposes a tariff on
oranges of $0.20 per orange.
c. How many oranges will the United States import or export
after introduction of the tariff?
d. In your diagram, shade the gain or loss to the economy as
a whole from the introduction of this tariff.
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