Multiple Choice

-Refer to the diagram above.If this country opens up to international trade in shoes at the world price,then the equilibrium domestic quantity demanded is ____________________ pairs of shoes per year and the equilibrium domestic quantity supplied is ____________________ pairs of shoes per year.
A) 500;500
B) 500;1500
C) 1250;750
D) 1000;1000
E) 1500;500
Correct Answer:
Verified
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