Question: Draw a supply and demand diagram for wool suits in the country of Autarka. When trade is allowed, the price of a suit falls from

Draw a supply and demand diagram for wool suits in the country of Autarka. When trade is allowed, the price of a suit falls from 3 to 2 ounces of gold. In your diagram, show the change in consumer surplus, the change in producer surplus, and the change in total surplus. How would a tariff on suit imports alter these effects?

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