Refer to the Graph Above Which Shows the Import Demand

question 16

Multiple Choice

Refer to the graph above which shows the import demand and export supply curves for two nations that produce a certain product. In this two-nation model, the equilibrium world price and quantity will be:

• A) A and Q₂
• B) B and Q₄
• C) C and Q₂
• D) D and Q₄

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