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Refer to the Graph, Which Shows the Domestic Demand and Supply

Question 23

Multiple Choice

Refer to the graph, which shows the domestic demand and supply curves for a specific product in a hypothetical nation called Econland. When the world price for this product is $0.50, Econland will A) import 500 units. B) import 100 units. C) import 400 units. D) export 100 units. Refer to the graph, which shows the domestic demand and supply curves for a specific product in a hypothetical nation called Econland. When the world price for this product is $0.50, Econland will


A) import 500 units.
B) import 100 units.
C) import 400 units.
D) export 100 units.

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