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.
FIGURE 34- 2
-Refer to Figure 34- 2.If Canada were to engage in no international trade in denim jeans,then the quantity consumed and produced in Canada would be
A) Q1
B) Q2
C) Q3
D) Q4
E) Q5
Correct Answer:
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