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The First Panel in the Following Figure Shows the Domestic

Question 45

Multiple Choice

The first panel in the following figure shows the domestic demand (D) and supply (S) curves of Columbian coffee and the second panel shows the import demand and export supply of Columbian coffee in the international market.Figure 20.1
The first panel in the following figure shows the domestic demand (D)  and supply (S)  curves of Columbian coffee and the second panel shows the import demand and export supply of Columbian coffee in the international market.Figure 20.1    -The export supply curve shows a country's: A) domestic surplus at various prices below the  no-trade  equilibrium price. B) domestic shortage at various prices below the  no-trade  equilibrium price. C) domestic supply at the  no-trade  equilibrium price. D) domestic surplus at various prices above the  no-trade  equilibrium price. E) domestic shortage at various prices above the  no-trade  equilibrium price.
-The export supply curve shows a country's:


A) domestic surplus at various prices below the "no-trade" equilibrium price.
B) domestic shortage at various prices below the "no-trade" equilibrium price.
C) domestic supply at the "no-trade" equilibrium price.
D) domestic surplus at various prices above the "no-trade" equilibrium price.
E) domestic shortage at various prices above the "no-trade" equilibrium price.

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