The Figure Below Shows the Demand (D) and Supply (S)

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Refer to Figure 21.4. Assume that Ghana is the only cocoa exporter supplying cocoa in the world market at $6 per pound. If the U.S. enters into a free trade agreement (FTA) with Ghana, what would be its total cocoa imports?

A) 100 pounds
B) 300 pounds
C) 200 pounds
D) 150 pounds
E) 250 pounds

Correct Answer:

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