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.Canadian widget producers convince the government to protect the domestic industry from cheap imports.If the Canadian government sets an import quota of 8 million widgets,the resulting price of a widget in Canada will be ________,and domestic production will be ________.
A) $6;40 million
B) $7;36 million
C) $8;32 million
D) $9;28 million
E) $10;32 million
Correct Answer:

Verified
Correct Answer:
Verified
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