Falling oil prices meant that consumers in Libya could afford fewer imported goods. The Libyan government imposed controls to limit imports of cigarettes. At one point, the market price of a carton of cigarettes rose to $70. Which graph in Figure 4-22 best depicts this situation?
A)1
B)2
C)3

Question

Falling oil prices meant that consumers in Libya could afford fewer imported goods. The Libyan government imposed controls to limit imports of cigarettes. At one point, the market price of a carton of cigarettes rose to $70. Which graph in Figure 4-22 best depicts this situation?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

Graph 2 shows a decrease in imports, which matches the situation described in the passage of the Libyan government limiting imports of cigarettes. Additionally, the steep increase in the price of cigarettes depicted in Graph 2 corresponds to the price of $70 mentioned in the passage.

Falling Oil Prices Meant That Consumers in Libya Could Afford