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The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

Question 107

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.   If this economy were to open to free trade, what amount of the good would be demanded domestically? A) 250 units B) 500 units C) 1,150 units D) 1,500 units If this economy were to open to free trade, what amount of the good would be demanded domestically?


A) 250 units
B) 500 units
C) 1,150 units
D) 1,500 units

Correct Answer:

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