Figure 9-4

-Refer to Figure 9-4.Bearing in mind that this country is "small," what would happen if there were a decrease in the price of wagon wheels within this country,given that wagons and wagon wheels are complements?
A) The quantity of wagons that this country imports would increase.
B) The quantity of wagons that this country imports would decrease, but the country would still be an importer of wagons.
C) This country would switch from being an importer of wagons to an exporter of wagons.
D) The domestic price without trade would move closer to the world price.
Correct Answer:
Verified
Q94: Figure 9-5 Q95: Figure 9-4 Q96: Figure 9-5 Q97: Figure 9-4 Q98: Figure 9-5 Q100: Figure 9-4 Q101: Figure 9-8 Q102: Figure 9-9. The figure applies to the Q103: Figure 9-8 Q104: Figure 9-6. The figure applies to the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()