The Following Figure Shows the Domestic U

Multiple Choice

The following figure shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY_US.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A.
Figure 10-5
-Refer to Figure 10-5.The price of bananas in the global market prior to the imposition of an import quota is _____.

A) P₃
B) P₁
C) P₄
D) P₂