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-Refer to the Diagram Above Showing the Domestic Demand and Supply

Question 95

Multiple Choice

  -Refer to the diagram above showing the domestic demand and supply curves for a specific product in a hypothetical nation called Zancuzi.When the world price for this product is $0.50,Zancuzi will have A)  a domestic shortage of 200 units. B)  a domestic surplus of 200 units. C)  a domestic shortage of 400 units. D)  neither a domestic surplus nor a domestic shortage. E)  a domestic surplus of 300 units.
-Refer to the diagram above showing the domestic demand and supply curves for a specific product in a hypothetical nation called Zancuzi.When the world price for this product is $0.50,Zancuzi will have


A) a domestic shortage of 200 units.
B) a domestic surplus of 200 units.
C) a domestic shortage of 400 units.
D) neither a domestic surplus nor a domestic shortage.
E) a domestic surplus of 300 units.

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