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Refer to the Diagram, Where Sd and Dd Are the Domestic

Question 147

Multiple Choice

Refer to the diagram, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product. With free trade, that is, assuming no tariff, the outputs produced by domestic and foreign producers, respectively, would be A) v and vz. B) w and wy. C) w and wz. D) vx and xz. 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. With free trade, that is, assuming no tariff, the outputs produced by domestic and foreign producers, respectively, would be


A) v and vz.
B) w and wy.
C) w and wz.
D) vx and xz.

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