Figure 9-10

-Refer to Figure 9-10.What would be the price and domestic quantity demanded after trade
A)$8 and 300
B)$8 and 900
C)$14 and 600
D)$14 and 900

Name: Figure 9-10 -Refer to Figure 9-10.What would be the price and domestic quantity demanded after trade A)$8 and 300 B)$8 and 900 C)$14 and 600 D)$14 and 900
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Question

Figure 9-10
 
-Refer to Figure 9-10.What would be the price and domestic quantity demanded after trade
A)$8 and 300 
B)$8 and 900 
C)$14 and 600 
D)$14 and 900

Quizplus · Accepted Answer

After trade, the price would be $8, and the domestic quantity demanded would be 900, as trade typically lowers prices to the world price level, increasing the quantity demanded.

Figure 9-10 -Refer to Figure 9-10.What Would Be the Price and Domestic