How does an import quota compare to a tariff in terms of restricting imports when domestic demand is rising?

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It imposes fewer limitations on imports than a tariff does.It restricts imports more severely than a tariff.It restricts imports to the same extent as a tariff.It consistently leads to higher government tax income.

Explanation

An import quota generally limits imports less strictly than a tariff because tariffs increase the cost of imports, often reducing demand more significantly. Quotas set a fixed limit but do not necessarily reduce imports beyond that limit as effectively as tariffs can. Additionally, tariffs generate revenue for the government, whereas quotas do not inherently provide tax income.