Multiple Choice
The above figure shows the U.S. market for flip-flops.
- When there is no international trade, the U.S. price is ______per flip-flop and the U.S. quantity is __________flip-flops.
A) $14; 500,000
B) $12; 700,000
C) $14; 300,000
D) $14; 700,000
E) $12; 300,000
Correct Answer:
Verified
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I. When
A)the United