Figure 9-1 -Refer to Figure 9-1.At the World Price and with Free

Multiple Choice

Figure 9-1

-Refer to Figure 9-1.At the world price and with free trade,

A) the domestic quantity of baskets demanded is greater than the domestic quantity of baskets supplied.
B) the basket market is in equilibrium.
C) the domestic demand for baskets is perfectly inelastic.
D) both domestic producers of baskets and domestic consumers of baskets are better off than they were without free trade.