Figure 9-28 The Following Diagram Shows the Domestic Demand and Domestic Supply

question 45

Short Answer

Figure 9-28
The following diagram shows the domestic demand and domestic supply curves in a market.
-Refer to Figure 9-28.Suppose the world price in this market is $6.If the country allows free trade,how much is total surplus?

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Definitions:

Liplike Structures

Parts or features that resemble or function similarly to lips, often found in anatomy or botany.

Vaginal Opening

The external opening of the vagina, which leads to the vaginal canal and connects the external genitalia to the uterus.

Abnormal Position

Refers to an unusual or non-typical placement or orientation of a body part or organ.

Uterus

A muscular organ in the female reproductive system where a fertilized egg develops into a fetus.