This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. 
According to the graph shown,if this economy is an autarky,its equilibrium price is:
A) $175 at a quantity of 815.
B) $215 at a quantity of 500.
C) $130 at a quantity of 1150.
D) $130 at a quantity of 500.
Correct Answer:
Verified
Q85: Who is likely to be in favor
Q86: This graph demonstrates the domestic demand and
Q87: A common tool for restricting trade is:
A)a
Q88: In contrast,policies and actions that reduce trade
Q88: Suppose a country,whose production and consumption of
Q89: Suppose a country,whose production and consumption of
Q92: A country that would be a net-importer
Q93: International trade:
A)is efficiency-enhancing.
B)will increase total surplus only
Q94: Suppose a country,whose production and consumption of
Q95: This graph demonstrates the domestic demand and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents