If a Nation Imports a Good That Can Be Domestically

Multiple Choice

If a nation imports a good that can be domestically produced,what happens to the quantity consumed of the good and why?

A) The quantity consumed increases because the market price decreases.
B) The quantity consumed decreases because the market price increases.
C) The quantity consumed remains constant because the price is unchanged.
D) The quantity consumed increases because the nation produces more of the good.
E) The quantity consumed decreases because the market price decreases.