The diagram below shows the demand and supply curves for refrigerators in Canada.

FIGURE

20minus1

Refer to Figure

20minus1.

Suppose

Upper P 0P0

is the world price and Canada imports refrigerators. Suppose the Canadian government then responds to political pressure from domestic refrigerator manufacturers and imposes a tariff high enough that all imports are eliminated. As a result of this tariff, the price and quantity of refrigerators in Canada will be, respectively,

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Question content area right

Part 1

A.

Upper P 1P1

and

Upper Q 3Q3.

B.

Upper P 2P2

and

Upper Q 3Q3.

C.

Upper P 0P0

and

Upper Q 1Q1.

D.

Upper P 0P0

and

Upper Q 5Q5.

E.

Upper P 1P1

and

Upper Q 2Q2.

As a result of this tariff, the price and quantity of refrigerators in Canada will be, respectively,