Graph 9-3
-In Graph 9-3, the free-trade price and quantity demanded would be:
A)P₁, Q₁
B)P₁, Q₄
C)P₂, Q₂
D)P₂, Q₃

Name: Graph 9-3 -In Graph 9-3, the free-trade price and quantity demanded would be: A)P₁, Q₁ B)P₁, Q₄ C)P₂, Q₂ D)P₂, Q₃
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Question

Graph 9-3 
-In Graph 9-3, the free-trade price and quantity demanded would be:
A)P₁, Q₁ 
B)P₁, Q₄ 
C)P₂, Q₂ 
D)P₂, Q₃

Quizplus · Accepted Answer

In a free-trade scenario, the price and quantity are determined by the intersection of the world supply and domestic demand curves, which is typically represented by P₁, Q₄ in such graphs.

Graph 9-3 -In Graph 9-3, the Free-Trade Price and Quantity Demanded Would