The Diagram Below Shows the Demand and Supply Curves for Refrigerators

Multiple Choice

The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 33-1
-Refer to Figure 33-1,and assume the world price is P₀.The Canadian government now imposes an import quota of the amount Q₂Q₄.The result would be that the price in Canada would

A) stay at P₀ and consumption would stay at Q₅.
B) stay at P₀ and consumption would rise to Q₃.
C) rise to P₂ and consumption would decrease to Q₅.
D) rise to P₂ and consumption would decrease to Q₄.
E) rise to P₁ and consumption would decrease to Q₄.