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Figure 9-3 -Refer to Figure 9-3. Without Trade, the Equilibrium Price of Equilibrium

Question 148

Multiple Choice

Figure 9-3 Figure 9-3 -Refer to Figure 9-3. Without trade, the equilibrium price of roses is A) $4 and the equilibrium quantity is 300 roses. B) $3 and the equilibrium quantity is 200 roses. C) $3 and the equilibrium quantity is 400 roses. D) $2 and the equilibrium quantity is 500 roses.
-Refer to Figure 9-3. Without trade, the equilibrium price of roses is

A) $4 and the equilibrium quantity is 300 roses.
B) $3 and the equilibrium quantity is 200 roses.
C) $3 and the equilibrium quantity is 400 roses.
D) $2 and the equilibrium quantity is 500 roses.

Correct Answer: