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Lessons Assessments Gradebook Email Tools . An economy opens itself up to international trade. What would happen if the average global price for a good is lower than the domestic equilibrium price with no government interventions? O Domestic supply would increase as well as domestic demand. Domestic supply would decrease, and domestic demand would increase. O Domestic quantity supplied would decrease, and domestic demand would increase. Domestic quantity supplied would decrease, and domestic consumption would increase The domestic market would not be affected. Question 19(Multiple Choice Worth 2 points) (0201 MC) Which of the following methods would produce an accurate market demand curve? O Adding horizontally at each price all the individual marginal benefit curves in the market O Connecting the axes with a line that passes through the market price O Drawing the marginal cost curve from its lowest point up O Taking the derivative of all the suppliers' total product curves O Multiplying the equilibrium price by all quantities supplied Question 20(Multiple Choice Worth 2 points) (02.04 MC) If a good's price elasticity of supply is inelastic and it's quantity supplied increases by 5's, its price must have increased by more than 5% supply must have increased by 4% price must have increased by 4% O quality supplied must have increased by 5 units