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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?
Relativist
A philosophical stance asserting that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration.
Phonemes
The tiniest sound elements in a language that can differentiate one word from another.
Morphemes
The smallest grammatical units in a language, capable of conveying meaning, such as root words, prefixes, and suffixes.
Semantics
The branch of linguistics and logic concerned with meaning, including the relationships between words and phrases and what they represent in reality, and the rules governing these relationships.
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