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The world price of umbrellas is $20 each. The pre-trade price of baskets in England is S15 each. What would happen if England allows trade in baskets?

The World Price Of Umbrellas Is 20 Each The Pretrade Price Of Baskets In England Is S15 Each What Would Happen If England Allows Trade In Baskets class=

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Answer: Ans. Option c As the price of basket in England is $15, which is less than the world

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