3815EconomicsMedium
In the absence of trade, Canada’s equilibrium price and quantity equal?
A$55 and 20 calculators
B$45 and 25 calculators
C$30 and 40 calculators
D$65 and 40 calculators
Correct answer
B. $45 and 25 calculators
Explanation
The correct answer is $45 and 25 calculators.