Figure 9-2

-Refer to Figure 9-2.What happens to the demand and supply of the Canadian market of pencil sharpeners at the world price
A)The domestic quantity demanded is greater than the domestic quantity supplied.
B)The pencil sharpener market is in equilibrium.
C)The demand curve is perfectly inelastic.
D)Both domestic producers and domestic consumers will be better off.

Question

Figure 9-2
 
-Refer to Figure 9-2.What happens to the demand and supply of the Canadian market of pencil sharpeners at the world price
A)The domestic quantity demanded is greater than the domestic quantity supplied. 
B)The pencil sharpener market is in equilibrium. 
C)The demand curve is perfectly inelastic. 
D)Both domestic producers and domestic consumers will be better off.

Quizplus · Accepted Answer

The Answer of Figure 9-2
 
-Refer to Figure 9-2.What happens to the demand and supply of the Canadian market of pencil sharpeners at the world price
A)The domestic quantity demanded is greater than the domestic quantity supplied. 
B)The pencil sharpener market is in equilibrium. 
C)The demand curve is perfectly inelastic. 
D)Both domestic producers and domestic consumers will be better off.

Figure 9-2 -Refer to Figure 9-2.What Happens to the Demand and Supply