Use the Following Figure to Answer the Questions : Figure

question 32

Multiple Choice

Use the following figure to answer the questions : Figure 10-5 shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY_US.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A.
-Refer to Figure 10-5.After the import quota has been imposed,the equilibrium price in the domestic market changes to _____.

• A)P₁
• B)P₂
• C)P₃
• D)P₄

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