-Refer to Figure 15

-Refer to Figure 15.3. The diagram shows that in the absence of a subsidy or tariff:

A) there would be no domestic production of the product, only imports equal to 0Q_D.
B) domestic consumers would only have 0Q_S of the product to buy.
C) domestic consumers could choose either domestic or imported quantities of the product.
D) domestic consumers would buy 0Q_D of the product with 0Q_S from domestic producers and Q_SQ_D from foreign producers.