The Figure Given Below Shows the Demand Curve in the U.S.and

question 87

Multiple Choice

The figure given below shows the demand curve in the U.S.and the cost curves in U.S.and India. Figure: 15.4 In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.
MR: Marginal revenue curve in the U.S.
-In Figure 15.4,the price and quantity of the good if produced by India would be _____ and _____ respectively.

• A)P₃; Q₃
• B)P₄; Q₄
• C)P₁; Q₁
• D)P₅; Q₅
• E)P₂; Q₂

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