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The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited. Price ($ per bushel) $180 $160 o

The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.

Price ($ per bushel) $180 $160 o 40 60 120 150 Sd (domestic supply curve) World price Dd (domestic demand curve) Quantity (millions of bushels)

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