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Use the Following Figure to Answer the Questions : Figure

Question 13

Multiple Choice

Use the following figure to answer the questions : Figure 10-4 : 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. Use the following figure to answer the questions : Figure 10-4 : 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 net gain to domestic residents when they trade with foreign suppliers is represented by _____. A) d + e B) h + i C) k + l + m D) f + g + j
-Refer to Figure 10-4.The net gain to domestic residents when they trade with foreign suppliers is represented by _____.


A) d + e
B) h + i
C) k + l + m
D) f + g + j

Correct Answer:

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