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The Following Figure Shows the Intersection of the Demand and Supply

Question 44

Multiple Choice

The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P2 and quantity Q2,in the absence of trade.With trade,the supply curve shifts to Supplytrade. The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P<sub>2</sub> and quantity Q<sub>2</sub>,in the absence of trade.With trade,the supply curve shifts to Supply<sub>trade</sub>. Refer to Figure 10-4.The quantity of imports into the domestic market is given by _____. A) Q<sub>2</sub> - Q<sub>1</sub> B) Q<sub>3</sub> - Q<sub>2</sub> C) Q<sub>3</sub> - Q<sub>1</sub> D) Q<sub>3</sub>
Refer to Figure 10-4.The quantity of imports into the domestic market is given by _____.


A) Q2 - Q1
B) Q3 - Q2
C) Q3 - Q1
D) Q3

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