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Question 29

Multiple Choice

Use the following to answer questions:
Figure: World Imports Use the following to answer questions: Figure: World Imports -(Figure: World Imports) Refer to the figure. The solution for a country without trade restrictions is where the equilibrium price and quantity are ________, respectively. A) $20 and 4 B) $40 and 11 C) $20 and 11 D) $20 and 20
-(Figure: World Imports) Refer to the figure. The solution for a country without trade restrictions is where the equilibrium price and quantity are ________, respectively.


A) $20 and 4
B) $40 and 11
C) $20 and 11
D) $20 and 20

Correct Answer:

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