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

question 26

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 economy,the amount being bought domestically is:

• A) 45 at $11 each.
• B) 45 at $23 each.
• C) 85 at $16 each.
• D) 120 at $23 each.

---

Definitions:

Nomadic Tribes

Describes groups of people who move from one place to another, rather than settling permanently in one location, often for reasons such as following seasonal weather patterns or searching for food resources.

Severe Drought

A prolonged period of excessively dry weather leading to a significant shortage of water.

Jamestown

The first permanent English settlement in North America, established in 1607 in present-day Virginia.

English Catholics

Members of the Catholic Church residing in England, who faced periods of persecution and discrimination, particularly after the English Reformation which established the Church of England.