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-The Above Figure Shows the Australian Market for Thongs

Question 4

Multiple Choice

-The above figure shows the Australian market for thongs. With international trade, the equilibrium price in Australia is ________ and Australia ________ thongs. A) $14; imports B) $12; imports C) $12; does not trade D) $12; exports E) $14; does not trade
-The above figure shows the Australian market for thongs. With international trade, the equilibrium price in Australia is ________ and Australia ________ thongs.


A) $14; imports
B) $12; imports
C) $12; does not trade
D) $12; exports
E) $14; does not trade

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