Refer to the Table Below to Answer the Following Questions

question 114

Multiple Choice

Refer to the table below to answer the following questions.
Table 7.3.1
Canada's Market for Widgets

-Table 7.3.1 shows the Canadian supply of and demand for widgets.Widgets are available on the world market for $7.Canadian widget producers convince the government to protect the domestic industry from cheap imports.If the Canadian government sets an import quota of 8 million widgets,the resulting price of a widget in Canada will be ________,and domestic production will be ________.

• A)$6;40 million
• B)$7;36 million
• C)$8;32 million
• D)$9;28 million
• E)$10;32 million