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  3. price 16 14 12 10 8 006 4 2 sd 0 10 20 30 40...

Price 16 14 12 10 8 006 4 2 Sd 0 10 20 30 40...

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Basic Math

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Price 16 14 12 10 8 006 4 2 Sd 0 10 20 30 40 50 60 70 80 90 Quantity Dd Refer to the accompanying graph where Sa and D are the domestic supply and demand curves for a product The world pri of the product is 6 If an import quota of 40 units were imposed on the product then the equilibrium price would be 8 and the quantity consumed 70 units O 12 and the quantity consumed 50 units O 6 and the quantity consumed 80 units O 10 and the quantity consumed 60 units

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