= Quiz: Chapter 9 Quiz 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 Home Market Price, P 1 2 S 5 6 Quantity, Q D 7 8 20 18-
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
= Quiz: Chapter 9 Quiz 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 Home Market Price, P 1 2 S 5 6 Quantity, Q D 7 8 20 18-
Question 6 of 10 > World Market Price, P 0 1 XS MD 2 3 4 5 6 7 8 Quantity, Q O A. the price at $16, trade volume at 2 million tons, and total world output at 4 million tons. B. the price at $12, trade volume at 2 million tons, and total world output at 10 million tons. OC. the price at $12, trade volume at 2 million tons, and total world output at 8 million tons. D. the price at $12, trade volume at 2 million tons, and total world output at 5 million tons. ✪ Q This quiz: 10 point(s) possible This question: 1 point(s) possible 20 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 Foreign Market Price, P D* S* Submit quiz 2 3 4 5 6 7 8 Quantity, Q The left- and right-hand figures given above show the Home and Foreign markets for barley. The center figure shows the world barley market, containing Home's import demand (MD) and Foreign's export supply (XS). In the absence of both transportation costs and artificial trade barriers, the world barley market achieves equilibrium with
= Quiz: Chapter 9 Quiz 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 Home Market Price, P 1 2 S 5 6 Quantity, Q D 7 8 20 18- 16- 14+ 12- 10- 8- 6- 4- 2- 0-