The Diagram Below Shows the Demand and Supply Curves for Refrigerators

question 37

Multiple Choice

The diagram below shows the demand and supply curves for refrigerators in Canada.
FIGURE 34- 1
-Refer to Figure 34- 1. The free- market equilibrium price of refrigerators in Canada is P₀, implying that P₀ is the

• A)Canadian autarkic price.
• B)world price.
• C)tariff- protected price.
• D)quota- induced price.
• E)cartel- induced price.

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