Multiple Choice

-The above figure shows the Australian market for thongs. When there is no international trade, the Australian price is ________ per thong and the Australian quantity is ________ thongs.
A) $12; 300,000
B) $14; 500,000
C) $14; 700,000
D) $12; 700,000
E) $14; 300,000
Correct Answer:
Verified
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