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Refer to the Graph Above, Where Sd and Dd Are

Question 99

Multiple Choice

  Refer to the graph above, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand curves for a product. The world price of the product is $6. If this market were closed to international trade, the total revenue that would go to domestic producers would be: A)  $600, but only $240 if the domestic market were open to international trade B)  $600, but only $120 if the domestic market were open to international trade C)  $500, but only $240 if the domestic market were open to international trade D)  $240, but only $120 if the domestic market were open to international trade Refer to the graph above, where Sd and Dd are the domestic supply and demand curves for a product. The world price of the product is $6. If this market were closed to international trade, the total revenue that would go to domestic producers would be:


A) $600, but only $240 if the domestic market were open to international trade
B) $600, but only $120 if the domestic market were open to international trade
C) $500, but only $240 if the domestic market were open to international trade
D) $240, but only $120 if the domestic market were open to international trade

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