Multiple Choice
Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. If the economy is opened to free trade, the price and quantity sold of this product would be
A) Pc and v.
B) Pₐ and z.
C) Pₜ and y.
D) Pc and z.
Correct Answer:
Verified
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