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If S = 1P Represents a Country's Home Supply Curve

Question 34

Multiple Choice

If S = 1P represents a country's home supply curve and D = 100 - 1P
Represents its home demand curve, then the equilibrium price and
Quantity in autarky are:


A) $100 and 0 units
B) $50 and 50 units.
C) $0 and 100 units
D) All the answer choices are incorrect.

Correct Answer:

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