(Answered) Alphaland and betaland are identical small countries both

Economics

Alphaland and Betaland are identical small countries. Both have comparative advantage in Good X. Alphaland imposes an export tax on good X, and Betaland imposes an export quota. The size of the tariff and the quota are chosen to be equivalent. Now domestic demand for good X falls in both countries. How do the effects on the domestic price, production, consumption, and exports in Alphaland compare with those in Betaland? Explain carefully your results with illustrations.

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