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-The Above Figure Shows the Australian Market for Thongs

Question 17

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
-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:

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