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Table 7.3.1 Canada's Market for Widgets Price Canadian Supply Canadian Demand (dollars per widgets) (millions) (millions) 12 52 16 48 20 44 24 40 28

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Table 7.3.1 Canada's Market for Widgets Price Canadian Supply Canadian Demand (dollars per widgets) (millions) (millions) 12 52 16 48 20 44 24 40 28 36 32 32 12 36 28 43) Table 7.3.1 shows the Canadian supply of and demand for widgets. Widgets are available on the world market for $7. If the Canadian government imposes a tariff of $1, the domestic selling price will be and quantity bought will be A) $6; 48 million B) $7; 44 million C) $8; 16 million D) $8; 24 million E) $8; 40 million

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