(c) Now, consider Strategy B instead (refer to the image below) where the U.S. introduces an import quota of 3,000 oranges, which raises the domestic price to $0.6. How many more oranges will domestic producers now supply compared to under free trade? What is the new quantity demanded by consumers? Domestic producers will now suppl) thousand more oranges. The quantity demanded is now thousand oranges.

(c) Now, consider Strategy B instead (refer to the image below) where the U.S. introduces an import quota of 3,000 oranges, which raises the domestic price to $0.6. How many more oranges will domestic producers now supply compared to under free trade? What is the new quantity demanded by consumers? Domestic Supply Price (P) Domestic Supply $0.60 QUOTA $030 Free Trade Demand Q1 Quantity (Q) Q3 Q2 Domestic producers will now supply [ Select ] thousand more oranges. The quantity demanded is now [ Select ] thousand oranges