Question

in the absence of international trade, what would the price be in this domestic market?

Explanation:

Step1: Identify equilibrium point

In a domestic - market without international trade, equilibrium occurs where domestic supply equals domestic demand.

Step2: Read price from graph

The intersection of the domestic supply and domestic demand curves gives the equilibrium price. From the graph, the price at the intersection of domestic supply and domestic demand is $50$.

Answer:

$50$