Figure 18.4
-Refer to Figure 18.4. With a tariff or quota, what is the equilibrium quantity of artichokes in Duckland?

Question

Quizplus · Accepted Answer

With the imposition of a tariff or quota, the domestic price in Duckland rises to Pw+t. This means that domestic producers increase their output to QD and importers reduce their imports to Qw'. The new equilibrium quantity is the sum of domestic production and imports, which is 75. Therefore, the answer is C.

Figure 18.4 -Refer to Figure 18.4. with a Tariff or Quota, What