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

question 7

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. If this economy were to open to free trade, what amount of the good would be demanded domestically?

• A)250 units
• B)500 units
• C)1,150 units
• D)1,500 units

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