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The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia. The world price of calculators is $40.
-Refer to the figure above.If the economy of Barylia opens up to free trade,then which of the following statements is true?
Federal Court
A branch of the United States judicial system where federal matters, including civil and criminal cases that involve federal law, are resolved.
Defendant
A person or entity against whom a legal action is brought in a court of law.
State Action
State action refers to activities or measures taken by government bodies or officials that are subject to legal review or may impact citizens' rights.
Med-arb
A hybrid dispute resolution process combining elements of both mediation and arbitration, where a dispute may first be attempted to be resolved through mediation before moving to arbitration.
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