The First Panel in the Following Figure Shows the Domestic

question 59

Multiple Choice

The first panel in the following figure shows the domestic demand (D) and supply (S) curves of Columbian coffee and the second panel shows the import demand and export supply of Columbian coffee in the international market.Figure 20.1

-The international equilibrium price is the point at which:

• A)the domestic supply curve of one country intersects the domestic demand curve of another.
• B)the domestic demand and supply curves of a country intersects each other.
• C)the export supply curve of one country intersects the import demand curve of another.
• D)the domestic demand of the trading partners become identical.
• E)the domestic supply of the trading partners become identical.

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