The Figure Given Below Shows the Demand Curve in the U.S.and

question 90

Multiple Choice

The figure given below shows the demand curve in the U.S.and the cost curves in U.S.and India. Figure: 29.4 In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.
MR: Marginal revenue curve in the U.S.
In Figure 29.4, the price and quantity of the good if produced by India would be _____ and _____ respectively.

• A)P₃;Q₃
• B)P₄;Q₄
• C)P₁;Q₁
• D)P₅;Q₅
• E)P₂;Q₂

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Definitions:

Tropical Deforestation

The clearing away of tropical forests due to logging, agriculture, or other human activities, leading to significant ecological and environmental consequences.

Global Warming

The gradual increase in Earth's average surface temperature, attributed to the greenhouse gas emissions from human activities such as fossil fuel burning and deforestation.

Ecological Services

The benefits that natural ecosystems provide to humans, such as clean water, air purification, pollination of crops, and climate regulation.

Human Exploitation

The unethical or unfair use of the labor and resources of people, often leading to harm or disadvantage.