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    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 9: Application International Trade: The Winners and Losers From Trade
  5. Question
    Figure 9-7
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Figure 9-7

Question 192

Question 192

Multiple Choice

Figure 9-7.The figure applies to the nation of Wales and the good is cheese. Figure 9-7.The figure applies to the nation of Wales and the good is cheese.   -Refer to Figure 9-7.With trade,the Welsh price of cheese and the Welsh quantity of cheese demanded are A) P<sub>1</sub> and Q<sub>2</sub>. B) P<sub>1</sub> and Q<sub>1</sub>. C) P<sub>0</sub> and Q<sub>0</sub>. D) P<sub>3</sub> and Q<sub>1</sub>.
-Refer to Figure 9-7.With trade,the Welsh price of cheese and the Welsh quantity of cheese demanded are


A) P1 and Q2.
B) P1 and Q1.
C) P0 and Q0.
D) P3 and Q1.

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