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c. Instead of a tariff, if the US. government imposes an import quota of 5,000 tons of steel per month, what is the price of
c. Instead of a tariff, if the US. government imposes an import quota of 5,000 tons of steel per month, what is the price of steel in the United States, the quantity of steel consumed in the United States, the quantity produced in the United States, and the quantity imported into the United States? d. Comparing your answers to parts (b) and (c), are US. consumers better off with the tariff or the import quota? Are US. producers better off with the tariff or the import quota? Is the US. government better off with the tariff or the import quota
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