If an import quota of 5 million containers is imposed on roses, what happens to the North

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If an import quota of 5 million containers is imposed on roses, what happens to the North American price of roses, the quantity of roses bought, the quantity produced in North America, and the quantity imported?


Wholesalers buy and sell roses in containers that hold 120 stems. The table provides data about the wholesale market for roses in North America. The demand schedule is the wholesalers’ demand and the supply schedule is the North American rose growers’ supply.Wholesalers can buy roses at auction in Aalsmeer, Holland, for $125 per container.

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