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Figure 3-J
-Refer to Figure 3-J.The movement from ____ to ____ is consistent with technological improvements in wool mills.
Hypothetical Nations
Imaginary or theoretical countries used for the purpose of discussion, analysis, or study in various contexts.
Domestic Price
The price of goods or services within a country's borders, as opposed to their price in the global market.
World Equilibrium Price
The price level at which the supply and demand of a good on a global scale are balanced, leading to a stable international market price.
Diagram
A simplified drawing showing the appearance, structure, or workings of something, typically presented as a plan, chart, or graph.
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