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suppose a 10% tariff on sugar imports in the United States would have the same effect on the domestic price of sugar as an import
suppose a 10% tariff on sugar imports in the United States would have the same effect on the domestic price of sugar as an import quota of 1 million pounds. Which of the following is true? A. The U.S. imports more sugar with the tariff than the quota. B. U.S. consumers are better off with the quota than the tariff. C. Total surplus is higher with the tariff than the quota. D. Domestic producers would prefer the tariff since they'd get a higher price. E. Total surplus in the U.S. would be lower if there were neither a tariff or a quota
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