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Figure 9.10 shows the market for cloth in Smith Island. $120 100 S_ Price 80 60 80 100 120 140 Bolts of cloth (millions) Refer

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Figure 9.10 shows the market for cloth in Smith Island. $120 100 S_ Price 80 60 80 100 120 140 Bolts of cloth (millions) Refer to Figure 9.10 to answer this question. If Smith Island introduced an import quota of 20, what would be the new price of cloth in Smith Island? Select one: O A. $90. O B. $70. O C. $60. O D. $55

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