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    Principles of Economics Study Set 2
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    Exam 9: Application: International Trade
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    Graph 9-2 This Graph Refers to the Market for Saddles in Argentina
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Graph 9-2 This Graph Refers to the Market for Saddles in Argentina

Question 69

Question 69

Multiple Choice

Graph 9-2
This graph refers to the market for saddles in Argentina.
Graph 9-2 This graph refers to the market for saddles in Argentina.    -According to Graph 9-2, the equilibrium price and the equilibrium quantity of saddles in Argentina before trade would be: A)  P<sub>1</sub>, Q<sub>2</sub> B)  P<sub>1</sub>, Q<sub>1</sub> C)  P<sub>0</sub>, Q<sub>0</sub> D)  P<sub>0</sub>, Q<sub>1</sub>
-According to Graph 9-2, the equilibrium price and the equilibrium quantity of saddles in Argentina before trade would be:


A) P1, Q2
B) P1, Q1
C) P0, Q0
D) P0, Q1

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