Refer to Figure 35.5.If S1 represents the U.S.domestic supply of a good and S2 represents supply in the United States under conditions of free trade,what does S3 most likely represent?
A) U.S.supply under tariff-restricted trade.
B) U.S.supply under quota-restricted trade.
C) The result of a foreign country dumping this good on the U.S.market.
D) Production possibilities under conditions of free trade.
Correct Answer:
Verified
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