Discuss? Tariffs and import quotas both decrease the amount of a good consumed and raise the price

 

Discuss?

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Tariffs and import quotas both decrease the amount of a good consumed and raise the price paid by domestic residents for the good. Tariffs and import quotas both decrease the amount of a good consumed and raise the price paid by domestic residents for the good.

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Tariffs and import quotas are two common trade restrictions that governments use to protect domestic industries from foreign competition They both ach... View the full answer