Tariffs ________ consumer surplus and import quotas ________ consumer surplus.
A) decrease; decrease
B) increase; increase
C) decrease; increase
D) increase; decrease

Name: Tariffs ________ consumer surplus and import quotas ________ consumer surplus. A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

Tariffs and import quotas both restrict the availability of imported goods, leading to higher prices and reduced consumer surplus.

Tariffs ________ Consumer Surplus and Import Quotas ________ Consumer Surplus

Tariffs Consumer Surplus and Import Quotas Consumer Surplus