The diagram below shows the demand and supply curves for refrigerators in Canada.
FIGURE 33-1
-Refer to Figure 33-1.The free-market equilibrium price of refrigerators in Canada is P0,implying that P0 is the
A) tariff-protected price.
B) quota-induced price.
C) cartel-induced price.
D) world price.
E) Canadian autarkic price.
Correct Answer:
Verified
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