
Figure 5.3 illustrates the apple market for Sweden,assumed to be a "small" country that is unable to affect the world price.SSweden is the domestic supply and DSweden is the domestic demand.SSweden+Quota is Sweden's supply schedule with an import quota.
Figure 5.3.Sweden's Apple Market

-Consider Figure 5.3.If SSweden+Quota represents the supply schedule after a quota is levied,Sweden's imports will equal:
A) 6 apples
B) 8 apples
C) 10 apples
D) 12 apples
Correct Answer:
Verified
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