Use the Following Figure to Answer the Questions : Figure

question 13

Multiple Choice

Use the following figure to answer the questions : Figure 10-4 : 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.
-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:

Proclamation of 1763

A decree issued by King George III, restricting colonial expansion beyond the Appalachian Mountains to appease Native American tribes through the establishment of a Western boundary.

Geographical Area

A specific part of the Earth's surface identified by its physical location, boundaries, and characteristics.

Ohio Valley

A geographical region in the United States defined by the Ohio River, playing a significant role in early American history and the westward expansion.