eco 51

Which of the following is a false statement? O A. Over time, quotas usually lead to larger deadweight losses than tariffs. B. Both tariffs and quotas lead to a decrease in imports, a decrease in domestic consumption, and an increase in domestic production. OC. An increase in domestic demand for a product protected by a quota results in an increase in producer surplus for domestic firms, while for a tariff it would result in more imports. OD. Prices will rise more with a quota than with an equivalent tariff