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Andreyy89
3 years ago
7

Differentiate between import qouta and import duty?

Business
1 answer:
Wittaler [7]3 years ago
3 0

Answer:

The main difference is that quotas restrict quantity while tariff works through prices. Thus, quota is a quantitative limit through imports. ... 5.3) amount is imposed then price would rise to Pt because the total supply (domestic output plus imports) equals total demand at that price.

<h2><em><u>Hope this helps..</u></em></h2>
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