Multiple Choice
Use the following to answer questions :
Figure 18-2
-Consider Figure 18-2.Assuming that there is free trade of AC and negligible transportation cost, the price of pounds in terms of dollars is closest to:
A) $1.00.
B) $2.50.
C) $5.00.
D) $10.00.
E) cannot be determined from the diagram.
Correct Answer:

Verified
Correct Answer:
Verified
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