The following figure shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY_US.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A.
Figure 10-5
-Refer to Figure 10-5.After the import quota has been imposed,the equilibrium price in the domestic market changes to _____.

Question

The following figure shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY_US.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A.
Figure 10-5

The following figure shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY<sub>US</sub>.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A. Figure 10-5 -Refer to Figure 10-5.After the import quota has been imposed,the equilibrium price in the domestic market changes to _____. A) P<sub>1</sub> B) P<sub>2</sub> C) P<sub>3</sub> D) P<sub>4</sub>

-Refer to Figure 10-5.After the import quota has been imposed,the equilibrium price in the domestic market changes to _____.

Quizplus · Accepted Answer

The Answer of The following figure shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLY US .With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A. Figure 10-5 -Refer to Figure 10-5.After the import quota has been imposed,the equilibrium price in the domestic market changes to _____. A)P₁ B)P₂ C)P₃ D)P₄

The Following Figure Shows the Domestic U