Multiple Choice

-The above figure shows the U.S.market for 1 carat diamonds.With free trade,the price in the United States for diamonds is equal to ________ and with the quota illustrated in the figure,the price in the United States is equal to ________.
A) $4,000;$2,000
B) $2,000;$3,000
C) $4,000;$3,000
D) $2,000;$2,000
E) $2,000;$4,000
Correct Answer:
Verified
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