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-The Effect of the Import Quota on Domestic Price and Domestic

Question 49

Multiple Choice

-The effect of the import quota on domestic price and domestic consumption is: A) the same as that of a tariff of P<sub>c</sub>P<sub>t</sub> B) the same as that of a tariff of P<sub>t</sub>P<sub>a</sub> C) the same as that of a tariff of P<sub>c</sub>P<sub>a</sub> D) to raise price by more and reduce consumption by less than a tariff of P<sub>c</sub>P<sub>t</sub> E) to raise price by less and reduce consumption by more than a tariff of P<sub>c</sub>P<sub>t</sub>
-The effect of the import quota on domestic price and domestic consumption is:


A) the same as that of a tariff of PcPt
B) the same as that of a tariff of PtPa
C) the same as that of a tariff of PcPa
D) to raise price by more and reduce consumption by less than a tariff of PcPt
E) to raise price by less and reduce consumption by more than a tariff of PcPt

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