Figure 7.3 Assume That the Canadian Government Limits the Import of Peanuts

question 116

Multiple Choice

Figure 7.3

Assume that the Canadian government limits the import of peanuts.
-Refer to Figure 7.3.With a quota in place, what is the quantity consumed in the domestic market and how much of this is supplied by domestic producers?

• A)Domestic consumption equals 28 thousand kilograms of which 18 thousand kilograms are produced by domestic producers.
• B)Domestic consumption equals 40 thousand kilograms of which 22 thousand kilograms are produced by domestic producers.
• C)Domestic consumption equals 34 thousand kilograms of which 16 thousand kilograms are produced by domestic producers.
• D)Domestic consumption equals 34 thousand kilograms of which 18 thousand kilograms are produced by domestic producers.

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