Multiple Choice
Figure 9-5
-Refer to Figure 9-5.Bearing in mind that this country is "small," which of the following events conceivably could cause the country to switch from being an importer of wagons to an exporter of wagons?
A) Incomes of domestic citizens increase, and wagons are a normal good.
B) Within this country, the price of a substitute for wagons decreases.
C) Within this country, the price of a complement to wagons decreases.
D) Wages increase for domestic workers who produce wagons.
Correct Answer:
Verified
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The figure illustrates the market for