Multiple Choice
The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market.
Figure 10-3
-Refer to Figure 10-3.In the absence of trade,the equilibrium price in the U.S.market is _____.
A) P3
B) P2
C) P1
D) P0
Correct Answer:

Verified
Correct Answer:
Verified
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