Multiple Choice

Figure 9-11

-Refer to Figure 9-11.What will happen in this market with free trade
A) The domestic price will equal the world price.
B) Carnations will be sold at $8 in this market.
C) There will be a shortage of 400 carnations in this market.
D) There will be 500 carnations supplied domestically in this market.
Correct Answer:
Verified
Related Questions