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

question 27

Multiple Choice

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.Which of the following statements is true?

• A) Barylia as a whole gained from opening up to free trade.
• B) Barylia as a whole lost from opening up to free trade.
• C) The buyers of calculators in Barylia gained from opening up to free trade.
• D) The firms in Barylia that manufactured calculators lost from opening up to free trade.

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Definitions:

Panic Attacks

Sudden episodes of intense fear or anxiety that trigger severe physical reactions, despite the absence of real danger.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in situations where escape might be difficult or help might not be available.

Crowded Bus

A situation where a bus is filled to capacity or overcapacity with passengers, often resulting in uncomfortable conditions.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a variety of different topics.