The windfall price increase of an imported good that, Ask an Expert

Economics

The windfall price increase of an imported good that results hen a quota is imposed on that good accrues to

A. consumers who benefit from the lower-priced domestic substitutes

B. the importer who is successful in getting a license to import the good

C. the government because it imposes the quota

D. no one, since only a tariff generates an explicit revenue stream

E. firms in the industry protected by the imposition of the quota

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236145

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