-Refer to the Diagram Above,where S and D Are the Domestic

Multiple Choice

-Refer to the diagram above,where S and D are the domestic supply and demand curves for a product.The world price of the product is $6.If an import quota of 40 units were imposed on the product,then the equilibrium price would be ________ and the equilibrium quantity would be ________.

A) $6;80 units
B) $8;70 units
C) $10;60 units
D) $12;50 units
E) $17;90 units