Multiple Choice
Figure 9-6. The figure applies to the nation of Wales and the good is cheese.

-Refer to Figure 9-6.The equilibrium price and the equilibrium quantity of cheese in Wales before trade are
A) P₁ and Q₂.
B) P₁ and Q₁.
C) P₀ and Q₀.
D) P ₀ and Q₁.
Correct Answer:
Verified
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