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The Diagram Below Shows the Domestic Demand and Supply Curves

Question 36

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 33- 5 -Refer to Figure 33- 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><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 33- 5
-Refer to Figure 33- 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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