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Figure 17-6 The Domestic Country Is China

Question 19

Multiple Choice

Figure 17-6
The domestic country is China. Figure 17-6 The domestic country is China. -Refer to Figure 17-6. With no international trade, A) the equilibrium price is $12 and the equilibrium quantity is 300. B) the equilibrium price is $16 and the equilibrium quantity is 200. C) the equilibrium price is $16 and the equilibrium quantity is 300. D) the equilibrium price is $16 and the equilibrium quantity is 450.
-Refer to Figure 17-6. With no international trade,


A) the equilibrium price is $12 and the equilibrium quantity is 300.
B) the equilibrium price is $16 and the equilibrium quantity is 200.
C) the equilibrium price is $16 and the equilibrium quantity is 300.
D) the equilibrium price is $16 and the equilibrium quantity is 450.

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