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Figure 9-21 The Following Diagram Shows the Domestic Demand and Domestic Supply

Question 148

Multiple Choice

Figure 9-21
The following diagram shows the domestic demand and domestic supply for a market.In addition,assume that the world price in this market is $40 per unit. Figure 9-21 The following diagram shows the domestic demand and domestic supply for a market.In addition,assume that the world price in this market is $40 per unit.   -Refer to Figure 9-21.With free trade,the domestic price and domestic quantity demanded are A) $30 and 1,200. B) $40 and 800. C) $30 and 800. D) $40 and 1,600.
-Refer to Figure 9-21.With free trade,the domestic price and domestic quantity demanded are


A) $30 and 1,200.
B) $40 and 800.
C) $30 and 800.
D) $40 and 1,600.

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