Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Market Changes
-The U.S. government limits the importation of Chinese-made bras. What effect does this trade restriction have on the market for bras?

A) The equilibrium price will increase and the equilibrium quantity will decrease.
B) The demand for bras will increase, leading to a lower equilibrium price.
C) The equilibrium price will increase and the equilibrium quantity will increase.
D) The equilibrium price will decrease, leading to a higher equilibrium quantity.