The Following Figure Shows the Intersection of the Demand and Supply

question 92

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 net gain to domestic residents when they trade with foreign suppliers is represented by _____.

• A)d + e
• B)h + i
• C)k + l + m
• D)f + g + j

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Definitions:

Classically Conditioned

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Involuntary Responses

Automatic physical reactions to stimuli that do not require conscious thought, such as reflexes.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for diagnosis since it is closely related to the force and rate of the heartbeat.

Physically Punished

The act of inflicting physical pain or discomfort on someone as a form of punishment or discipline.