Refer to the Graphs Shown

question 5

Multiple Choice

Refer to the graphs shown.The effect of an increase in price is best shown by which arrow?

• A)A
• B)B
• C)C

---

Definitions:

Dumping

Selling a good in a foreign country at a lower price than it’s sold for in the domestic market.

Domestic Market

The market within a country's borders, referring to the trading of goods and services.

Foreign Supplier

A company or individual that provides goods or services from outside the buyer's home country.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient global production and trade.