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    Principles of Macroeconomics Study Set 8
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    Exam 9: Application International Trade: The Winners and Losers From Trade
  5. Question
    Figure 9-23 The Following Diagram Shows the Domestic Demand and Domestic Supply
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Figure 9-23 The Following Diagram Shows the Domestic Demand and Domestic Supply

Question 9

Question 9

Multiple Choice

Figure 9-23
The following diagram shows the domestic demand and domestic supply for a market.Assume that the world price in this market is $120 per unit. Figure 9-23 The following diagram shows the domestic demand and domestic supply for a market.Assume that the world price in this market is $120 per unit.   -Refer to Figure 9-23.With free trade,the domestic price and domestic quantity supplied are A) $90 and 10. B) $90 and 18. C) $120 and 5. D) $120 and 18.
-Refer to Figure 9-23.With free trade,the domestic price and domestic quantity supplied are


A) $90 and 10.
B) $90 and 18.
C) $120 and 5.
D) $120 and 18.

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