(Figure: The Soybean Market) A quota generates a protective effect just like a tariff. Using the graph, calculate the "equivalent import tariff" that would produce the same result as an import quota of 200 units.
A) $1
B) $2
C) $3
D) $4

Question

(Figure: The Soybean Market) A quota generates a protective effect just like a tariff. Using the graph, calculate the "equivalent import tariff" that would produce the same result as an import quota of 200 units. 
A) $1 
B) $2 
C) $3 
D) $4

Quizplus · Accepted Answer

The Answer of (Figure: The Soybean Market) A quota generates a protective effect just like a tariff. Using the graph, calculate the "equivalent import tariff" that would produce the same result as an import quota of 200 units. 
A) $1 
B) $2 
C) $3 
D) $4

(Figure: the Soybean Market) a Quota Generates a Protective Effect