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 international trade and the world price is PA, the amount of newsprint will be .
A) imported; Q1
B) imported; Q5 - Q3
C) exported; Q5 - Q1
D) imported; Q5 - Q1
E) exported; Q5
Correct Answer:
Verified
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