If a tariff and import quota lead to equivalent increases in the domestic price of steel, then: O a

Economics Feb 06, 2022

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then: O a. they have different impacts on how income is distributed O b. they have different impacts on how much is produced and consumed O c. the tariff results in efficiency reductions but the quota does not O d. the quota results in efficiency reductions but the tariff does not