Refer to the Accompanying Graph, Where S_d and D_d Are

question 211

Multiple Choice

Refer to the accompanying graph, where S_d and D_d are the domestic supply and demand for a product. The world price of the product is $6. What would be the difference in the total revenue received by foreign producers after a quota of 20 units is imposed compared with the total revenue received by foreign producers when a $4 per unit tariff is imposed?

• A)$0 revenue difference
• B)$80 more revenue with a quota than with a tariff
• C)$200 more revenue with a quota than with a tariff
• D)$120 more revenue with a tariff than with a quota

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Myers-Briggs Type Indicator

A personality inventory that categorizes individuals into 16 personality types based on preferences in perception and decision-making.

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