The Diagram Below Shows the Demand and Supply Curves for Refrigerators

question 16

Multiple Choice

The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 33-1
-Refer to Figure 33-1,and assume the world price is P₀.The Canadian government now imposes an import quota of the amount Q₂Q₄.The result would be that the price in Canada would

• A)stay at P₀ and consumption would stay at Q₅.
• B)stay at P₀ and consumption would rise to Q₃.
• C)rise to P₂ and consumption would decrease to Q₅.
• D)rise to P₂ and consumption would decrease to Q₄.
• E)rise to P₁ and consumption would decrease to Q₄.

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The beliefs that individuals hold about the characteristics of their own group, which can influence behavior and self-perception.

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