The Following Figure Shows the Intersection of the Demand and Supply

question 48

Multiple Choice

The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P₂ and quantity Q₂,in the absence of trade.With trade,the supply curve shifts to Supply_trade.
Figure 10-4
-Refer to Figure 10-4.The quantity of imports into the domestic market is given by _____.

• A)Q₂ - Q₁
• B)Q₃ - Q₂
• C)Q₃ - Q₁
• D)Q₃

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