The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 8

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2

-In Figure 20.2, if the world price per bushel of wheat is $25 and a tariff of $10 is imposed by the domestic government, what is the domestic demand?

• A) 400 bushels
• B) 450 bushels
• C) 200 bushels
• D) 300 bushels
• E) 150 bushels

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Definitions:

Programmed Logic

The application of logical operations to inputs to achieve a desired output, often implemented in programmable logic controllers (PLCs) or software.

XIC Instruction

A logical instruction used in PLC programming that stands for "Examine if Closed," checking if a condition is true (input or contact is on).

Reference Address

A specific location in memory used to store data or an instruction.

Internal Relay

An electromechanical device used within a circuit or system to control a larger current with a smaller one, acting as a switch.