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Suppose a quota is imposed on imports of a given good into the U.S. and that this quota is exactly the same size as imports
Suppose a quota is imposed on imports of a given good into the U.S. and that this quota is exactly the same size as imports would have been under a tariff regime. Which of the following would be true? the domestic quantity supplied will increase more than it would have with the tariff. the deadweight loss will tend to be exactly the same as it would have been with the tariff. the domestic price will rise less than it would have with the tariff. the domestic quantity demanded will decrease more than it would have with the tariff
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