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The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 20minus1 Refer to Figure 20minus1. Suppose Upper P 0 is the

The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 20minus1 Refer to Figure 20minus1. Suppose Upper P 0 is the world price. If Canada imposes a tariff causing the price of refrigerators in Canada to rise from Upper P 0 to Upper P 1, the consequence would be that . . . Question content area right Part 1 A. domestic production will increase from Upper Q 1 to Upper Q 3 and domestic consumption will fall from Upper Q 5 to Upper Q 3. B. both domestic production and domestic consumption would decrease by equal amounts. C. domestic production will increase from Upper Q 1 to Upper Q 2 and domestic consumption will fall from Upper Q 5 to Upper Q 4. D. domestic production will exceed domestic consumption. E. both domestic production and domestic consumption would increase by equal amounts

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