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Refer to the Graph Above, Where Sd and Dd Are

question 55

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  Refer to the graph above, where S<sub>d</sub> and D<sub>d</sub> 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 Refer to the graph above, where Sd and Dd 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?

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