Multiple Choice
Refer to the table below to answer the following questions.
Table 7.3.1
Canada's Market for Widgets
-Table 7.3.1 shows the Canadian supply of and demand for widgets.Widgets are available on the world market for $7.If the Canadian government imposes a tariff of $1,the domestic selling price will be ________ and quantity bought in Canada will be ________.
A) $6;48 million
B) $7;44 million
C) $8;16 million
D) $8;24 million
E) $8;40 million
Correct Answer:
Verified
Correct Answer:
Verified
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