Price Canadian Supply Canadian Demand (dollars per widgets) (millions) (millions) 5 12 52 6 16 48 7 20 44 8 24 40 9 28 36 10 32 32 12 36 28 Table 7.3.1 shows the Canadian supply of and demand for widgets. Widgets are available on the world market for $7. Canadian widget producers convince the government to protect the domestic industry from cheap imports. If the Canadian government sets an import quota of 8 million widgets, the resulting price of a widget in Canada will be , and domestic production will be O A. $6; 40 million 0 B. $7; 36 million 0 C. $8; 32 million O D. $9; 28 million O E. $10; 32 million