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Author Question: The diagram below shows the demand and supply curves for refrigerators in Canada.FIGURE 20-1Refer to ... (Read 156 times)

petersan

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on: Oct 12, 2022

The diagram below shows the demand and supply curves for refrigerators in Canada.



FIGURE 20-1

Refer to Figure 20-1. If we compare the effect of an import tariff with the effect of an import quota in this market, both of which cause the Canadian price to increase by the same amount, the major difference between the two policies is


◦ the tariff raises revenue for the government whereas the quota benefits foreign producers.
◦ the tariff does not directly affect the price consumers pay whereas the quota does.
◦ the tariff raises revenue for the protected producers whereas the quota benefits the government.
◦ the tariff directly affects the price consumers pay whereas the quota has neither direct nor indirect price effects.
◦ the quota does not directly reduce the quantity whereas the tariff does.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by petersan on Oct 12, 2022

SphnxKickin

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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petersan

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Reply 2 on: Oct 12, 2022
Excellent

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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