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

question 141

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good. When this economy is open to free trade without restriction, the amount imported is:

• A)900 units.
• B)1,250 units.
• C)650 units.
• D)1,000 units.

---

Definitions:

Z

'Z' often represents the Z-score in statistics, which is the number of standard deviations a data point is from the mean of the data set.

Square

A polygon with four equal sides and four right angles.

Relationship

How two or more notions, entities, or persons are associated, or the status of association.

Populations

The whole set of individuals or objects of interest in a particular study or statistical analysis.