Figure 9-1 The Following Diagram Shows the Domestic Demand and Domestic Supply

question 34

Multiple Choice

Figure 9-1
The following diagram shows the domestic demand and domestic supply for a market.In addition,assume that the world price in this market is $40 per unit.
-Refer to Figure 9-1.With free trade,the domestic price and domestic quantity demanded are

• A) $30 and 1,200.
• B) $40 and 800.
• C) $30 and 800.
• D) $40 and 1,600.

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Definitions:

Breadwinner

Traditionally, the person within a household who earns the primary source of income to support the family's financial needs.

Stay-At-Home Mom

Describes a mother who opts to stay at home to raise her children and manage household duties rather than pursuing employment outside the home.

Instrumental

Serving as a means to an end or being useful in achieving a goal, often used in the context of roles, actions, or objects.

Expressive

Related to the expression of thoughts, feelings, and behaviors, often in contrast to instrumental actions aimed at achieving a specific goal.