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Table 7.3.1 Canada's Market for Widgets

Question 46

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Table 7.3.1
Canada's Market for Widgets
Table 7.3.1 Canada's Market for Widgets -Table 7.3.1 shows the Canadian supply of and demand for widgets. Widgets are available on the world market for $7. If the Canadian government imposes a tariff of $1, the domestic selling price will be ________ and quantity bought will be ________. A) $6; 48 million B) $7; 44 million C) $8; 16 million D) $8; 24 million E) $8; 40 million
-Table 7.3.1 shows the Canadian supply of and demand for widgets. Widgets are available on the world market for $7. If the Canadian government imposes a tariff of $1, the domestic selling price will be ________ and quantity bought will be ________.


A) $6; 48 million
B) $7; 44 million
C) $8; 16 million
D) $8; 24 million
E) $8; 40 million

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