Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Costs of Tariffs
-(Figure: Costs of Tariffs) Refer to the figure. In the figure representing the market for leather, what price would consumers pay for leather in the absence of a tariff or other import restrictions?

A) a price less than $50
B) $50
C) a price somewhere between $50 and $100
D) $100