The Figure Below Shows the Demand (D) and Supply (S)

question 53

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S. Figure 21.4
-According to Figure 21.4,the no-trade equilibrium price and quantity of cocoa in the U.S.market are:

• A)$8 and 150 pounds.
• B)$10 and 250 pounds.
• C)$4 and 200 pounds.
• D)$10 and 200 pounds.
• E)$6 and 300 pounds.

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Definitions:

Accuracy

The level of correctness or precision in information, measurements, or outcomes.

Active Listening

A communication technique involving fully concentrating, understanding, responding, and then remembering what is being said.

Interchange

The process or an instance of exchanging or substituting one thing for another, often used in the context of ideas or transportation systems.

Listening Behaviors

The actions and attitudes of an attentive listener, which include maintaining eye contact, nodding, asking questions, and paraphrasing to ensure understanding.