This Graph Demonstrates the Domestic Demand and Supply for a Good,as

question 117

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good.
According to the graph shown,if this were depicting an autarky,the equilibrium price would be:

• A)$23
• B)$16
• C)$11
• D)$45

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Definitions:

Poverty

A state of having insufficient financial resources or means of support, leading to a lack of basic needs such as food, water, shelter, education, and healthcare.

New Habitats

The creation or emergence of new living environments for organisms, often due to environmental changes, human activity, or natural processes.

Environment

The sum of all external conditions and influences affecting the life, development, and survival of organisms.

Political Structure

The organization of government and the distribution of power within a society.