The Following Graph Shows the Demand for and the Supply

question 142

Multiple Choice

The following graph shows the demand for and the supply of a good in a country.If the world price of the good is $2.00 per unit and an import quota of 50 units per month is imposed,then:​ ​
Figure 17.6
​

• A)domestic production will increase from 100 to 200 units per month.
• B)imports will increase from 25 to 50 units per month.
• C)domestic production will increase from 100 to 175 units per month.
• D)domestic production will increase from 100 to 125 units per month.
• E)domestic production will increase from 100 to 150 units per month.

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A legal principle where a party is held responsible for damages or losses without proof of negligence or fault.

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Laws established to govern the behavior of individuals and corporations, often within a specific sector, to ensure compliance and protect public interests.

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