Refer to the Given Diagram, Where S_d and D_d Are

question 177

Multiple Choice

Refer to the given diagram, where S_d and D_d are the domestic supply and demand for a product and P_c is the world price of that product. If this economy were entirely closed to international trade, equilibrium price and quantity would be

• A)Pₐ and z.
• B)Pₐ and x.
• C)P_c and z.
• D)P_c and v.

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