Question: Let us simulate a two country world for textiles-Germany and China. The importing country levies a tariff on textiles. Please show us the net welfare

Let us simulate a two country world for textiles-Germany and China. The importing country levies a tariff on textiles. Please show us the net welfare effect of this tariff on the exporting country with the help of graphical analysis. State your assumptions before you start, and explain your results.

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