If wool growers in Tasmania lobby the Commonwealth government to impose an import quota on New Zealand wool,who gains from such a quota?

Question

Quizplus · Accepted Answer

If the Commonwealth government imposes an import quota on New Zealand wool, it will benefit Australian wool growers. This is because the reduced competition will increase the demand for Australian wool, allowing growers to charge higher prices and increase profits. New Zealand growers will lose out as they will have fewer access to the Australian market, and consumers may also face higher prices due to reduced supply. The Commonwealth government may benefit from increased revenue from any tariffs or fees imposed on New Zealand wool imports.

If Wool Growers in Tasmania Lobby the Commonwealth Government to Impose