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The Diagram Below Shows the Domestic Demand and Supply Curves

Question 109

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The diagram below shows the domestic demand and supply curves for denim jeans in Canada. The prevailing world price is PW. Assume that all jeans are identical.
The diagram below shows the domestic demand and supply curves for denim jeans in Canada. The prevailing world price is P<sub>W</sub>. Assume that all jeans are identical. FIGURE 34- 2 -Refer to Figure 34- 2. In the presence of free international trade, Canada's production will be at the quantity: A) Q<sub>1</sub><sub> </sub> B) Q<sub>2</sub><sub> </sub> C) Q<sub>3</sub><sub> </sub> D) Q<sub>4</sub><sub> </sub> E) Q<sub>5</sub> FIGURE 34- 2
-Refer to Figure 34- 2. In the presence of free international trade, Canada's production will be at the quantity:


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

Correct Answer:

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