Figure 9-2
The figure illustrates the market for calculators in a country.
-Refer to Figure 9-2.The world price for calculators represents
A)the demand for calculators from the rest of the world.
B)the supply of calculators from the rest of the world.
C)the level of inefficiency in the domestic market caused by trade.
D)the gap between domestic quantity demanded and domestic quantity supplied and the resulting shortage.

Question

Figure 9-2
The figure illustrates the market for calculators in a country. 
-Refer to Figure 9-2.The world price for calculators represents
A)the demand for calculators from the rest of the world. 
B)the supply of calculators from the rest of the world. 
C)the level of inefficiency in the domestic market caused by trade. 
D)the gap between domestic quantity demanded and domestic quantity supplied and the resulting shortage.

Quizplus · Accepted Answer

The Answer of Figure 9-2
The figure illustrates the market for calculators in a country. 
-Refer to Figure 9-2.The world price for calculators represents
A)the demand for calculators from the rest of the world. 
B)the supply of calculators from the rest of the world. 
C)the level of inefficiency in the domestic market caused by trade. 
D)the gap between domestic quantity demanded and domestic quantity supplied and the resulting shortage.

Figure 9-2 The Figure Illustrates the Market for Calculators in a Country