Figure 18.1
-Refer to Figure 18.1. With an import ban, what is the equilibrium quantity of gloves in Duckland?

Question

Quizplus · Accepted Answer

The import ban shifts the supply curve to the left, leading to a higher price and a lower quantity of gloves traded in the market. At the new equilibrium, the quantity of gloves is 60 units.

There is no additional information provided that would allow for a best choice to be selected.

Figure 18.1 -Refer to Figure 18.1. with an Import Ban, What Is