The American supply and demand curves for widgets are illustrated at the top of the shown below. Foreign widget makers will sell any quantity of widgets to Americans at a price of $2 apiece.

Suppose the government distributes 500 ration coupons, which can be freely bought and sold. To buy a foreign-made widget, you must present a ration coupon. (An American widget requires no coupon.) What is the price of a ration coupon? (Your answer should be anumber.)

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Supply (American) 12 10 Price 7 ($ per widget) 6 4 t+ Demand (American) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Quantity (100s of widgets)