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(Figure: the Home and World Markets) the Graphs Show the Case

Question 33

Multiple Choice

(Figure: The Home and World Markets) The graphs show the case for a tariff imposed by a large country. According to these graphs, if the world price of the product is given as $30, then home market firms will produce _____ and the total demand for the good will be _____. (Figure: The Home and World Markets) The graphs show the case for a tariff imposed by a large country. According to these graphs, if the world price of the product is given as $30, then home market firms will produce _____ and the total demand for the good will be _____. A) 40; 100 B) 20; 80 C) 20; 100 D) 40; 80


A) 40; 100
B) 20; 80
C) 20; 100
D) 40; 80

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