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Refer to the Given Diagram, Where Sd and Dd Are

Question 177

Multiple Choice

Refer to the given diagram, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product. If this economy were entirely closed to international trade, equilibrium price and quantity would be A) Pₐ and z. B) Pₐ and x. C) P<sub>c</sub> and z. D) P<sub>c</sub> and v. Refer to the given diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. If this economy were entirely closed to international trade, equilibrium price and quantity would be


A) Pₐ and z.
B) Pₐ and x.
C) Pc and z.
D) Pc and v.

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