-Refer to Figure 18.4. With an import ban, how many gloves are produced domestically in Duckland?

Question

Quizplus · Accepted Answer

With an import ban, Duckland would produce domestically the quantity of gloves that meets its own demand internally, without relying on imports. Assuming Figure 18.4 shows a supply and demand graph where the equilibrium quantity with an import ban is at the point where domestic supply meets domestic demand, the correct answer would be the quantity that corresponds to this equilibrium. Without seeing the figure, the typical approach to determining the effect of an import ban is to find where domestic supply equals domestic demand, which would be the quantity produced domestically.