Figure 9-26
The following diagram shows the domestic demand and domestic supply curves in a market.
-Refer to Figure 9-26.Suppose the world price in this market is $7.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Question

Figure 9-26
The following diagram shows the domestic demand and domestic supply curves in a market. 
-Refer to Figure 9-26.Suppose the world price in this market is $7.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Quizplus · Accepted Answer

The Answer of Figure 9-26
The following diagram shows the domestic demand and domestic supply curves in a market. 
-Refer to Figure 9-26.Suppose the world price in this market is $7.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Figure 9-26 The Following Diagram Shows the Domestic Demand and Domestic Supply