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The Diagram Below Shows the Domestic Demand and Supply Curves

Question 120

Multiple Choice

The diagram below shows the domestic demand and supply curves in the market for newsprint in Paperland. The diagram below shows the domestic demand and supply curves in the market for newsprint in Paperland. FIGURE 32-5 Refer to Figure 32-5.If Paperland engages in trade and the world price is P<sub>A</sub>,the residents of Paperland will consume ________ units of newsprint. A) Q<sub>1</sub> B) Q<sub>2</sub> C) Q<sub>3</sub> D) Q<sub>4</sub> E) Q<sub>5</sub> FIGURE 32-5 Refer to Figure 32-5.If Paperland engages in trade and the world price is PA,the residents of Paperland will consume ________ units of newsprint.


A) Q1
B) Q2
C) Q3
D) Q4
E) Q5

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