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 PA,the residents of Paperland will consume ________ units of newsprint.

Question

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 PA,the residents of Paperland will consume  ________ units of newsprint.

Quizplus · Accepted Answer

At the world price of PA, the quantity demanded in Paperland is Q1.

The Diagram Below Shows the Domestic Demand and Supply Curves