This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good. A B 17 14 10 D F G World Price H 50 115 150 a According the graph shown, if this economy were open to free trade, it would: Multiple Choice Import this good, because the domestic price is greater than the world price export this good, because the domestic price is greater than the world price Import this good, because the world price is greater than the domestic price 10 World Price 60 115 150 Q

According the graph shown, If this economy were open to free trade, it would: Multiple Choice import this good, because the domestic price is greater than the world price. export this good, because the domestic price is greater than the world price. import this good, because the world price is greater than the domestic price. export this good, because the world price is greater than the domestic price.

 

 

 

This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good. 17 14 14 D F G 10 10 World Price H 60 115 150 According the graph shown, if this economy were open to free trade, it would: Multiple Choice import this good, because the domestic price is greater than the world price. export this good, because the domestic price is greater than the world price. Import this good, because the world price is greater than the domestic price. 338