Figure 7.1 Figure 7.1 Shows Canadian Demand and Supply for Leather Footwear

question 110

Multiple Choice

Figure 7.1

Figure 7.1 shows Canadian demand and supply for leather footwear.
-Refer to Figure 7.1.Suppose the government allows imports of leather footwear into the United States.What happens to the market price and what is the quantity of imports?

• A)The price equals $24 and imports equal 20 units.
• B)The price falls to $24 and imports equal 5 units.
• C)The price falls to $18 and imports equal 15 units.
• D)The price equals $18 and imports equal 10 units.

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