Use the Following Graph to Answer the Questions That Follow

question 1

Multiple Choice

Use the following graph to answer the questions that follow.

-What is the price of cars if this is a non-trading (closed) economy?

• A) $6,000 per car
• B) $8,000 per car
• C) $10,000 per car
• D) $14,000 per car
• E) $24,000 per car

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Definitions:

Grade Point Average

An average score that reflects the overall academic performance of a student, typically calculated on a scale from 0 to 4.0.

Fourth-Year Medical

Typically refers to the final year in medical school where students transition into more clinical responsibilities.

Student's Major

The specific field of study that a college or university student has chosen to specialize in during their academic career.

Annual Income

The total amount of money earned or received by an individual or entity in one year, from all sources.