Consider Figure 5.6. In the global market for wine, the EU is willing to supply as much wine as the U.S. demands at $8 per bottle. How much will the U.S. produce and import in these circumstances?
a. 5 bottles, 40 bottles
b. 40 bottles, 0 bottles
c. 5 bottles, 35 bottles
d. 5 bottles, 0 bottles
c. 5 bottles, 35 bottles
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