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1. The table below shows the Canada's domestic supply and demand schedules for apples. Suppose the world price of apples is $0.30. Use the table

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1. The table below shows the Canada's domestic supply and demand schedules for apples. Suppose the world price of apples is $0.30. Use the table to answer the questions below. Canadian Domestic Demand and Supply of Apples Price Quantity Demanded Quantity Supplied $ per unit Millions of Units Millions of Units 1.20 0 12 1.10 2 11 1.00 4 10 0.90 6 9 0.80 8 8 0.70 10 0.60 12 6 0.50 14 0.40 16 0.30 18 0.20 20 NW DUI 0.10 22 0.00 24 a) Currently, there is free trade within Canada's apple market. Given this, and the above information, what is the total quantity of apples sold in the Canadian market? What quantity of apples will Canada import and what quantity will be sold by domestic producers? Make sure to provide your rationale for your answers

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