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A Quota on Imported Avocadoes ______________ the Price of Avocadoes,_____________

Question 98

Multiple Choice

A quota on imported avocadoes ______________ the price of avocadoes,_____________ consumers' surplus for avocado buyers,_______________ producers' surplus of avocado growers and __________________ tariff revenue.Because the loss to _____________ is more than the gain to ___________________,there is a net loss to society.


A) raises; increases; decreases; generates; producers; consumers and government
B) lowers; increases; decreases; does not generate; producers; consumers
C) raises; increases; decreases; does not generate;consumers; producers and importers
D) raises; decreases; increases; generates; consumers; producers and government

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