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Figure Price of Carnations $14 Domestic Supply 12 10 8 Tariff World Price 2 Domestic Demand 100 200 300 400 500 600 Quantity of Carnations

Figure Price of Carnations $14 Domestic Supply 12 10 8 Tariff World Price 2 Domestic Demand 100 200 300 400 500 600 Quantity of Carnations (in dozens) 10. Refer to Figure. Without trade, the equilibrium price of carnations would be a. $8 and equilibrium quantity would be 300. b. $6 and equilibrium quantity would be 200. c. $6 and equilibrium quantity would be 400. d. $4 and equilibrium quantity would be 500

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