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The World Price of Umbrellas Is $4

Question 38

Multiple Choice
The world price of umbrellas is $4.00 each.The pre-trade price of umbrellas in England is $15 each.What would happen if England allows trade in umbrellas A)England will import umbrellas, and the price in England will be $20 each. B)England will import umbrellas, and the price in England will be $15 each. C)England will export umbrellas, and the price in England will be $20 each. D)England will export umbrellas, and the price in England will be $15 each.

The world price of umbrellas is $4.00 each.The pre-trade price of umbrellas in England is $15 each.What would happen if England allows trade in umbrellas


A) England will import umbrellas, and the price in England will be $20 each.
B) England will import umbrellas, and the price in England will be $15 each.
C) England will export umbrellas, and the price in England will be $20 each.
D) England will export umbrellas, and the price in England will be $15 each.

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