This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good. 14 10 10 D H World Price 60 115 150 According to the graph shown, if this economy were to engage in free trade, the good would: Multiple Choice О О no longer be produced domestically. not be imported or exported and only be produced domestically. be exported. be imported.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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This graph demonstrates the domestic demand and supply for a good, as well as the world price for that
good.
14
10
10
D
H
World Price
60
115
150
According to the graph shown, if this economy were to engage in free trade, the good would:
Multiple Choice
О
О
no longer be produced domestically.
not be imported or exported and only be produced domestically.
be exported.
be imported.
Transcribed Image Text:This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good. 14 10 10 D H World Price 60 115 150 According to the graph shown, if this economy were to engage in free trade, the good would: Multiple Choice О О no longer be produced domestically. not be imported or exported and only be produced domestically. be exported. be imported.
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