Graph 9-1 This Graph Refers to the Market for Beef in Japan

question 85

Multiple Choice

Graph 9-1
This graph refers to the market for beef in Japan.
-According to Graph 9-1, if the world price rose to $6 and trade in beef is allowed, the price of beef in Japan will be:

• A)$5 per pound
• B)$2 per pound
• C)between $2 per pound and $5 per pound
• D)$6 per pound

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