Figure 7.3 Assume That the Canadian Government Limits the Import of Peanuts

Multiple Choice

Figure 7.3

Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.If there was no quota, how many kilograms of peanuts would domestic consumers purchase and what quantity would be imported?

A) 28 thousand kilograms of which 18 thousand kilograms would be imported
B) 40 thousand kilograms of which 12 thousand kilograms would be imported
C) 40 thousand kilograms of which 30 thousand kilograms would be imported
D) 40 thousand kilograms all of which would be imported