Tariffs and Quotas
Explore the effects of trade policies. Start by selecting a policy to see how it impacts the domestic market for widgets. Observe the changes in prices, quantities, consumer surplus, producer surplus, and overall economic welfare.
Tariffs and Quotas
Explore the effects of trade policies. Start by selecting a policy to see how it impacts the domestic market for widgets. Observe the changes in prices, quantities, consumer surplus, producer surplus, and overall economic welfare.