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International trade and public policy

AP.MICRO: POL‑1 (EU), POL‑1.B (LO), POL‑1.B.1 (EK), POL‑1.B.2 (EK), POL‑1.B.3 (EK)

Problem

The graph shown here illustrates the domestic market for cheese. The domestic price of cheese is dollar sign, 18 and the world price of cheese is dollar sign, 10.
How much is imported or exported in this market?
Choose 1 answer:
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