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Refer to the Diagram, Where SdS _ { d } And DdD _ { d }

Question 173

Multiple Choice

   Refer to the diagram, where  S _ { d }  and  D _ { d }  are the domestic supply and demand for a product and  P _ { c }  is The world price of that product. With free trade, that is, assuming no tariff, the outputs produced by Domestic and foreign producers, respectively, would be A)  v and vz. B)  w and wy. C)  w and wz. D)  vx and xz. Refer to the diagram, where SdS _ { d } and
DdD _ { d } are the domestic supply and demand for a product and
PcP _ { c } is
The world price of that product. With free trade, that is, assuming no tariff, the outputs produced by
Domestic and foreign producers, respectively, would be


A) v and vz.
B) w and wy.
C) w and wz.
D) vx and xz.

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