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The world price for imports is currently set at $ 10. The Canadian customers and suppliers have the following demand and supply curves. Qd =

The world price for imports is currently set at $ 10. The Canadian customers and suppliers have the following demand and supply curves. Qd = 400 - 10P and Qs = 100 + 10 P.

If the Canadian Government imposes an import quota = 40 units, what would the new price be?

a. $10

b. $13

c. $15

d. Not enough information is given to be able to answer this question

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