Multiple Choice
The above figure shows the U.S. market for 1 carat diamonds.
- With free trade, Americans buy_________
Diamonds and pay a price of __________per diamond.
A) 700,000; $3,000
B) 300,000; $3,000
C) 300,000; $4,000
D) 500,000; $4,000
E) 900,000; $2,000
Correct Answer:
Verified
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