Explain the effects of a tariff if us were an auto importer, Macroeconomics

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Explain the effects of a tariff if us were an auto importer

Problem

Draw a graph of the U.S. automobile market in which the domestic equilibrium price without trade is Pd and the equilibrium quantity is Qd. Use this graph to illustrate and explain the effects of a tariff if the United States were an auto importer with free trade. Then use the graph to illustrate and explain the effects of a quota.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain the effects of a tariff if us were an auto importer

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