Multiple Choice
Figure 17-9
Refer to Figure 17-9. Without trade, the equilibrium price of carnations is
A) $8 and the equilibrium quantity is 300.
B) $6 and the equilibrium quantity is 200.
C) $6 and the equilibrium quantity is 400.
D) $4 and the equilibrium quantity is 500.
Correct Answer:
Verified
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