Which of the following is true (assume the small country case)?
A)With a quota, an increase in demand leads to a higher price and more imports.
B)With a tariff, an increase in demand leads to a higher price and more imports.
C)With either a tariff or a quota, an increase in demand leads to a higher price and more imports.
D)None of the above are true.

Question

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The Answer of Which of the following is true (assume the small country case)?
A)With a quota, an increase in demand leads to a higher price and more imports.
B)With a tariff, an increase in demand leads to a higher price and more imports.
C)With either a tariff or a quota, an increase in demand leads to a higher price and more imports.
D)None of the above are true.

Which of the Following Is True (Assume the Small Country