Question content area

Part $1$

$In$ a deflationary environment, $we$ will find that over time

Part $2$

$A.$

$anad$ valorem tariff will tend $to$ raise more revenue than a specific tariff.

$B.$

$an$ optimum tariff will tend $to$ raise more revenue than $an$ escalating tariff.

$C.$

a tariff quota will tend $to$ raise more revenue than a specific tariff.

$D.$

a specific tariff will tend $to$ raise more revenue than $anad$ valorem tariff.