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$8 and the equilibrium quantity is 300.- Cross between domestic demand and supply.
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The question is incomplete. Please read below to find the missing content.
Refer to Figures 9-5. Without trade, the equilibrium price of carnations would be
a. $8 and equilibrium quantity would be 300.
b. $6 and equilibrium quantity would be 200.
c. $6 and equilibrium quantity would be 400.
d. $4 and equilibrium quantity would be 500
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Answer:
C) Without Thought
Explanation:
As you can see in the context clues, it says "in five seconds" that is a decision to take just in 5 seconds?? That's too less, by that, we can understand that this is a Without Thought decision. Another thing is that it could be wrong, but it's not since it mentions "time" in here, not about whether it is wrong or right.
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