Figure: Home's Exporting Industry I

question 1

Multiple Choice

Figure: Home's Exporting Industry I
The graph shows information about a home exporter.
(Figure: Home's Exporting Industry I) According to the
Graph, how many units of the product will domestic
Consumers demand when the world price is $125?

• A)120
• B)100
• C)20
• D)40

---

Definitions:

Global Trend

A widespread movement or direction in which something, such as technology, market demand, or cultural practice, is developing or changing on a global scale.

Accelerating Pace

An increasing rate of change or development in a particular process or activity, often perceived in technology, culture, and societal norms.

Social Change

Significant alteration over time in behavior patterns, cultural values and norms, or social structures within a society.

Status Quo

The existing state or condition of affairs, often used to refer to the current norms and power structures resistant to change.