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The Diagram Below Shows the Demand and Supply Curves for Refrigerators

Question 106

Multiple Choice

The diagram below shows the demand and supply curves for refrigerators in Canada. The diagram below shows the demand and supply curves for refrigerators in Canada.   FIGURE 34- 1 -Refer to Figure 34- 1. The free- market equilibrium price of refrigerators in Canada is P0, implying that P0 is the A)  Canadian autarkic price. B)  world price. C)  tariff- protected price. D)  quota- induced price. E)  cartel- induced price. FIGURE 34- 1
-Refer to Figure 34- 1. The free- market equilibrium price of refrigerators in Canada is P0, implying that P0 is the


A) Canadian autarkic price.
B) world price.
C) tariff- protected price.
D) quota- induced price.
E) cartel- induced price.

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