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Tea from Britain costs $2.50 to produce. It is sold in America at a price of $3.50 (to make a profit of $1.00) Tea in America costs $3.00 to produce. It is sold at a price of $4.00 (to make a profit of $1.00) If there is a 50% Tariff on tea, who would you buy your tea from?

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Answer:

I would buy my tea from Britain.

User Sebastian Engel
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