The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

question 46

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good. If this country is an autarky, what amount of the good will be consumed domestically, and at what price?

• A)45 units at $11 each
• B)45 units at $23 each
• C)85 units at $16 each
• D)120 units at $23 each

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Definitions:

Orbitals

Equations detailing the wave-like properties of electrons surrounding an atom.

Orbitals

Mathematical equations that represent the wave-like properties of electrons within an atom.

Electrons

Subatomic particles with a negative electric charge, found in all atoms and acting as the primary carrier of electricity in solids.

Lewis Structure

A representation of molecules showing all the valence electrons and highlighting the bonding between atoms.