Relative to a No-Trade Situation,what Effect Will Importing a Good

question 195

Multiple Choice

Relative to a no-trade situation,what effect will importing a good from foreign nations have on the domestic market for the good?

• A)Equilibrium price will rise and total domestically produced output will fall.
• B)Equilibrium price will rise and total domestically produced output will rise.
• C)Equilibrium price will fall and total domestically produced output will fall.
• D)Equilibrium price will fall and total domestically produced output will rise.

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