From the flowing diagram find out the static benefit of participating in a custom union which requires it to switch from a non-member supplier with $2 price and $1 tariff to a member supplier with $2.50 price.
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Q44: After the customs union is formed and
Q45: Customs unions tend to reduce the level
Q46: Which of the following is an economic
Q47: The formation of a customs union generates
Q48: Why do countries engage in economics integration?
Q49: A Country will have positive static benefit
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Q52: The European Union became a common market
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