Figure 18.1
-Refer to Figure 18.1. With an import ban, how many gloves are produced domestically in Duckland?

Question

Quizplus · Accepted Answer

The domestic supply curve is shown by the line Sd. The domestic production is where this supply curve intersects with the demand curve (D). This occurs at a quantity of 60 gloves. With the import ban, there are no foreign gloves available, so the domestic production is the only source of gloves.

Figure 18.1 -Refer to Figure 18.1. with an Import Ban, How Many