
-The above figure shows the Australian market for replacement mobile phone batteries. When there is no international trade, the equilibrium price is ________ per battery and when there is international trade the equilibrium price is ________ per battery.
A) $16; $12
B) $12; $14
C) $12; $16
D) $16; $14
E) $14; $12
Correct Answer:
Verified
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