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Use the following graph, where S d and D d are the domestic supply and demand for a product and P c is the world
Use the following graph, where Sdand Ddare the domestic supply and demand for a product and Pcis the world price of that product, to answer the next question.
If this economy was entirely closed to international trade, equilibrium price and quantity would be
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Pcand v.
Pcand z.
Paand x.
Paand z.
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