Which statement about the impact of a tariff and a quota is correct?
1 )
A tariff leaves the quantity of imports unchanged while a quota decreases the quantity of imports.
A tariff raises government revenue while a quota benefits the seller of the imports.
3 )
A tariff raises the price of imports while a quota leaves import prices unchanged.
4 )
A tariff shifts the supply curve of imports while a quota shifts the demand curve for imports.
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