The Following Figure Shows the Demand Curve, D, and Supply

question 164

Multiple Choice

The following figure shows the demand curve, D, and supply curve, S, of ballpoint pens in Lithasia. The world price of pens is $2.

-Refer to the figure above.If Lithasia opens up to free trade,then which of the following statements is true?

• A) The domestic production of pens in Lithasia will increase.
• B) The domestic price of pens will increase.
• C) Lithasia will start exporting pens.
• D) Lithasia will start importing pens.

Identify the types and implications of power of attorney.

Analyze the legal interpretations and outcomes of cases involving power of attorney and trust transfers.

Comprehend the establishment and termination of agency relationships, including methods of termination notice.

Distinguish between different agency authorities and the liability of agents and principals to third parties.

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