-In the above figure, using the slope across an arc, the slope of the curve between points b and c is
Definitions:
Quantity of Imports
The total volume or value of goods and services brought into one country from another over a specified time period.
Deadweight Loss
When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.
Tariff or Quota
A government-imposed restriction on the quantity of goods that can be imported (quota) or a tax levied on imported goods (tariff).
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