Figure 9-5 -Refer to Figure 9-5.The Horizontal Line at the World Price

question 353

Multiple Choice

Figure 9-5

-Refer to Figure 9-5.The horizontal line at the world price of wagons represents the

• A) demand for wagons from the rest of the world.
• B) supply of wagons from the rest of the world.
• C) level of inefficiency in the domestic market caused by trade.
• D) surplus in the domestic wagon market.

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