The function of supply and demand function of a state is the following:
QDX = 160 - 30px 20px & QSX = - 40; QDX & QSX product numbers in millions of units, PX is the product X in USD. Assuming that this country is a small country and the world price PW = PX = $ 2
1 / As of price and output balance of the country when no trade occurs
2 / Compare prices, consumption, production and imported after the trade occurred with prior trade occurs
3 / market product X will change how the government levies a 25% tariff equal to the value of imported products X.
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